21–30 of 214 posts
In executing on an idea, the end result is often very different from where you started. They might look similar now, but in 5 years one went enterprise on feature set and the other consumer etc etc.
So true, all the Blockchain startups are now LLM startups.
It's interesting how many of the commenters are starting from the assumption that this is both intentional and desirable (or in some other way smart on the part of YC) and then reasoning only on that basis. (Or maybe it's not interesting, since this is on YC's own site... :-P)
P.S. Not saying its a bad thing. Early stage startups evolve and like YC has shared a lot of the early bet is on the founders.
Interestingly for the OP, that same season featured Tech Crunch Disrupt. It's a bit ironic to see TC publishing this concept now as though it is a new revelation.
That's different, from Amazon and Microsoft, who used the data they gathered during their work with smaller orgs, to then actively compete with those orgs.
A classic Microsoft joke (hope you like Comic Sans): https://www.davar.net/HUMOR/STORIES/MS-CUISN.HTM
It makes sense. If you are an investor and have a strong belief that a specific product or idea is a good one - you might want to decouple your odds of success from the people/team/company executing that idea.
It makes sense. If you are an investor and have a strong belief that a specific product or idea is a good one - you might want to decouple your odds of success from the people/team/company executing that idea.
What's most interesting is that most people aren't just "one type". In your life you go through multiple roles. Just like how most people, regardless of their income at age 20 will be earning top 35% income by age 35, people move up in their roles (and struggle at a young age to understand that this will happen to them). It's all about timing and age.
I believe some investors go for multiple teams purely because the ratio of those types is different - like a different risk profile. They invest in one with 80% AI boffins, and one with 80% business folks, and one will likely win in the circumstance of the moment (in the ChatGPT era - mostly the business folks. In the data driven AI era - mostly the AI boffins)
It makes sense. If you are an investor and have a strong belief that a specific product or idea is a good one - you might want to decouple your odds of success from the people/team/company executing that idea.
YC also says that they don't believe in the idea, but the founders ¯\_(ツ)_/¯
It makes sense. If you are an investor and have a strong belief that a specific product or idea is a good one - you might want to decouple your odds of success from the people/team/company executing that idea.
YC also says that they don't believe in the idea, but the founders ¯\_(ツ)_/¯
That still doesn't preclude them backing two founder groups that have similar ideas.