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Happy 20th birthday, Y Combinator

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Re: Happy 20th birthday, Y Combinator

#61
post #57

Earlier quoted context omitted.

Did Stilgar write this

Haha wow, good one

Looks like the Dune show even introduces a YC:

https://dune.fandom.com/wiki/Ynez_Corrino

Incidentally, querying "YC Dune" on DuckDuckGo / Bing yields that link in the results, but Google does not, which seems rather troubling for the modern state of that search engine.

Re: Happy 20th birthday, Y Combinator

#62

https://news.ycombinator.com/item?id=1 is always fun to look at, 18.5 years ago.

Fun there's enough posts in HN you could type your DOB (no leading zero) and find a submission for it: https://news.ycombinator.com/item?id=52590

It took me a moment to think through what a leading zero on a DOB meant and that it wasn't a Long Now foundation thing.

Re: Happy 20th birthday, Y Combinator

#66
post #32

Earlier quoted context omitted.

Companies take time to become successful, so the verdict is still out on most of the companies that started in the last 10 years. Time will tell. Though there are already quite a few successrul YC companies from the last few years. Full list of top YC companies: https://www.ycombinator.com/companies (filter by "top companies")

I believe median time to unicorn status is now about 7 years, so this is not as uncertain as you think. In other words, 50% of YC's 7-year old unicorns have already showed up. The number is higher for older companies.

Dropbox and Airbnb were superhot companies within 2 or 3 years after YC. My first Airbnb booking was in 2013, and that I felt like a late adopter.

Re: Happy 20th birthday, Y Combinator

#67

It seems the first few batches of YC were VERY successful. But, the number of successful YC companies I can think of from the last 10 years of batches is very minimal despite them investing in thousands of companies. Makes you wonder, does the funding landscape need a new YC level disruption because YC seems to have peeked, return wise (not hype wise). Maybe AI might be their saving grace if everything works out

The alternative is that it takes x > 10 years to become very successful. But that seems somewhat doubtful.

Well Dropbox (ycs first big success?) was founded in 2007 and only went public in 2018

Reddit (yc 2005) only went public last year

I know "going public" doesn't define success, but it does show that companies can still be growing after 10+ years

Re: Happy 20th birthday, Y Combinator

#68
post #36

Earlier quoted context omitted.

You might find this blogpost eye opening: https://www.lennysnewsletter.com/p/pulling-back-the-curtain-...

Wow, there's so few solo founders, and so few non-US companies. I bet nowadays, there's very few non-AI companies. So if you aren't a US-based AI-startup with multiple founders, perhaps ycombinator is not for you.

Non US companies — but many non-US founders. It’s much better to be a U.S. startup than in most other places.

https://capbase.com/why-european-startups-register-in-us/

Re: Happy 20th birthday, Y Combinator

#69
post #36

Earlier quoted context omitted.

You might find this blogpost eye opening: https://www.lennysnewsletter.com/p/pulling-back-the-curtain-...

Wow, there's so few solo founders, and so few non-US companies. I bet nowadays, there's very few non-AI companies. So if you aren't a US-based AI-startup with multiple founders, perhaps ycombinator is not for you.

YC has a known bias towards multiple founders. They accept solo founders, but solos have to stand out more or maybe already started their business. YC even provides a co-founder matching system (of unknown efficacy).

PG said "Empirically it seems to be hard to start a startup with just one founder. Most of the big successes have two or three. And the relationship between the founders has to be strong. They must genuinely like one another, and work well together. Startups do to the relationship between the founders what a dog does to a sock: if it can be pulled apart, it will be."

Also see: Does YC fund solo founders: https://www.ycombinator.com/library/7P-does-yc-fund-solo-fou...

Re: Happy 20th birthday, Y Combinator

#70
post #6

Earlier quoted context omitted.

A) Very true! B) peaked* :) C) Can you think of any tech companies from the last 10 years that were successful? The answer is ultimately "they exist, but the victory condition is to be bought by MANGA, so you don't remember them even if you heard about them in the first place." EDIT: to add more context, this is a great post: https://jaredheyman.medium.com/on-the-176-annual-return-of-a... The TL;DR is that Stripe & A…

Yeah it's a good question to ask: Was the startup success rate in 2005 overall higher or was it actually due to YC selecting so well. Also, success is relatively defined. A $50m exit might be something that gets washed away after a TechCrunch article and a few social media posts. But that's still life-changing money for the founders. It's not changing the world writ large, but changes the world for a few people. = Be…

yeah. That YC hasn't produced another Google or made a Facebook should in no way mean it's an utter failure.
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