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How Y Combinator Started

ycombinator.com

51–60 of 105 posts

Re: How Y Combinator Started

#51

So doing the winter batch in California seemed like one of those rare cases where the self-indulgent choice and the ambitious one were the same. There is nothing more heavenly, more sublime than that rare situation in life in which the self-indulgent choice and the ambitious choice align. There's a keen insight to be had there. Unfortunately, those moments are very rare. For instance, at least, in terms of my persona…

Berlin?

Re: How Y Combinator Started

#52
post #4

I really enjoyed PGs post for the detailed description of the thought process behind the creation of YC and how they took those initial steps (including getting the funds together and deciding how to run it). A lot of 'this is how I became successful' biographies seldom provide that level of detail. Whilst I still find them interesting, I found PGs writing to be more inspirational (to me anyway) because it's almost l…

I echo that sentiment. :)

Re: How Y Combinator Started

#54
post #47

So doing the winter batch in California seemed like one of those rare cases where the self-indulgent choice and the ambitious one were the same. There is nothing more heavenly, more sublime than that rare situation in life in which the self-indulgent choice and the ambitious choice align. There's a keen insight to be had there. Unfortunately, those moments are very rare. For instance, at least, in terms of my persona…

the colour of Greece, Italy, southern Spain, Portugal, Argentina, etc. I can appreciate the comparative orderliness and clockwork of Teutonic and Anglo-American civilisation, but it doesn't make me happy, and yet I need that whole universe in order to sustain my livelihood in any practical sense Maybe try Hong Kong? I haven't lived there but it seems colourful (in the Asian rather than Southern European sense) and ye…

I was about to suggest the same. I currently live there (and Shenzhen) and it is indeed colorful. I just wish there was a stronger startup culture. The entrepreneurship culture is definitely there but for low-risk, traditional business. I personally prefer Shenzhen to Hong Kong although it is difficult to function in English.

Re: How Y Combinator Started

#55
post #21

"But the founders in the first batch turned out to be surprisingly good. And great people too. " I'd love to read a "where are they now" post on the first couple batches of founders, along with some quotes from them.

I think Reddit is the greatest thing to come out of the first batch.

And I always think that if you pitched it to anyone at the time, how many would've laughed in your face?

Re: How Y Combinator Started

#56
post #46

Earlier quoted context omitted.

That's the reason I actually moved in NYC. For a French 20 something, it's a great city to live in, it's not too far from Europe and the tech scene is booming. My next stop will probably be Brazil. I've travelled over 45 countries and Brazil seems to have that unique combination of "human" perspective, a work culture and a growing tech ecosystem. You should give it a try :)

I'm also a French 20-something, currently calling the San Francisco Bay Area home— my next stop will probably be Berlin or Amsterdam. What a great age we live in!

I'm a French-Canadian 20-something. You guys should give a try to China or Hong Kong. (see previous comment)

Re: How Y Combinator Started

#57
post #44
post #43

Earlier quoted context omitted.

Wow, that's phenomenal. In 7 years, out of 8 companies there were 5 acquisitions (and a couple mergers). I'm sure any VC would be ecstatic to have that kind of success rate. Reddit is the most prominent. It's had a huge impact although from what I understand it hasn't done extremely well financially.

"Wow, that's phenomenal." That's quite a halo effect that has prevented you from seeing the true "success rate". Where are you getting 5 acquisitions from? Reddit, Loopt basically made out. Infogami merged with Reddit. That's essentially a save face maneuver and doesn't exactly signal success. Clickfacts - "YC stake acquired by private investors" doesn't sound like that would be a win but a break even. More like "tak…

I don't know what Reddit sold for, but while Loopt's $40M was far down from its earlier $500M, it's still a hell of a lot more than the ~$300k valuation it would have had when YC invested in it.

Re: How Y Combinator Started

#58
post #44
post #43

Earlier quoted context omitted.

Wow, that's phenomenal. In 7 years, out of 8 companies there were 5 acquisitions (and a couple mergers). I'm sure any VC would be ecstatic to have that kind of success rate. Reddit is the most prominent. It's had a huge impact although from what I understand it hasn't done extremely well financially.

"Wow, that's phenomenal." That's quite a halo effect that has prevented you from seeing the true "success rate". Where are you getting 5 acquisitions from? Reddit, Loopt basically made out. Infogami merged with Reddit. That's essentially a save face maneuver and doesn't exactly signal success. Clickfacts - "YC stake acquired by private investors" doesn't sound like that would be a win but a break even. More like "tak…

I think he's not just talking about the dollar value of exits, but the value of the founders.

The founders of Loopt, the Reddits, and Justin.tv have done a lot for the YC program (and for startups in general) going forward; arguably these 3 moderate successes financially for YC but having very involved alumni might be worth more than a huge financial success which didn't stay involved with YC.

Re: How Y Combinator Started

#60
post #51

So doing the winter batch in California seemed like one of those rare cases where the self-indulgent choice and the ambitious one were the same. There is nothing more heavenly, more sublime than that rare situation in life in which the self-indulgent choice and the ambitious choice align. There's a keen insight to be had there. Unfortunately, those moments are very rare. For instance, at least, in terms of my persona…

Berlin?

Berlin makes a lot of noise about its startup culture, but it's vanishingly small. The winters are absolutely horrible. Also, the city is full of Germans.

(I've lived here for four years.)

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