11–20 of 178 posts
Academic here: Doesn't this post state that the offer has a 45-day duration? Are offers that "explode" only a few days in duration?
It is pretty clear to see whats going on: It is without question that most people applying to incubators apply to a few of them, in case they don't get into the (obviously) best one, YC. Its my guess that some of the less exciting incubators give these exploding term sheets to make the founder think: "Damn, I got into Incubator X but I have to say yes in 48 hours. I wonder if I will get accepted into YC also when ans…
What if you accept the exploding offer and then break the contract or avoid to sign it?
It is pretty clear to see whats going on: It is without question that most people applying to incubators apply to a few of them, in case they don't get into the (obviously) best one, YC. Its my guess that some of the less exciting incubators give these exploding term sheets to make the founder think: "Damn, I got into Incubator X but I have to say yes in 48 hours. I wonder if I will get accepted into YC also when ans…
I'd love to see YC innovate in this area rather than shame other incubators into better behavior. Accepting applications on a rolling basis instead of once every 3 months with a 2 month wait, for example. I'm not sure how well that idea would work, but I'm sure there's something that could be done.
It is pretty clear to see whats going on: It is without question that most people applying to incubators apply to a few of them, in case they don't get into the (obviously) best one, YC. Its my guess that some of the less exciting incubators give these exploding term sheets to make the founder think: "Damn, I got into Incubator X but I have to say yes in 48 hours. I wonder if I will get accepted into YC also when ans…
If you don't want me to think about something, I figure you know I would probably decide against your offer (if I did think about it).
It is pretty clear to see whats going on: It is without question that most people applying to incubators apply to a few of them, in case they don't get into the (obviously) best one, YC. Its my guess that some of the less exciting incubators give these exploding term sheets to make the founder think: "Damn, I got into Incubator X but I have to say yes in 48 hours. I wonder if I will get accepted into YC also when ans…
It is pretty clear to see whats going on: It is without question that most people applying to incubators apply to a few of them, in case they don't get into the (obviously) best one, YC. Its my guess that some of the less exciting incubators give these exploding term sheets to make the founder think: "Damn, I got into Incubator X but I have to say yes in 48 hours. I wonder if I will get accepted into YC also when ans…
That is thoughtfully provocative. I have literally zero evidence to go from, but I suspect that Y Combinator is like Harvard or Yale: they could get rid of the group that they actually admit and go for the next tier, then achieve similar outcomes. (In other words: there are so many strong applicants that they can't take them all.)
This is just to say that even taking YC's cast-offs could be perfectly acceptable. YC is dominant for now, but it's not hard to imagine a world in which there are a few accelerators which are true YC peers (just like Harvard, Yale, Princeton, and Stanford are variously preferred by different people with real differences in preference).
If another is shooting for 10 and gets 7, that's a 30% drop which is probably enough to mess with the economics of the accelerator. Similarly, if they make 12 offers planning for a certain acceptance rate and end up with all 12, they're at 120% capacity, which also might be enough to mess with the economics.
I still think exploding offers suck, but YC is in a much stronger position to be relaxed about them than others.