Please tell me that this Ryan Lawler from TechCrunch is writing in that style to insinuate his utter disdain not only for the FanHero business model, but for the whole "free money for 21-year olds with a half-baked idea" industry. He can't possibly write that way for real, could he?
How I Crashed and Burned in Y Combinator
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Re: How I Crashed and Burned in Y Combinator
#12And then, so it seems, when that idea runs out you just say "uhhh... let's do this instead!"
So, what are the YC people investing in? Two guys who seem pretty smart?
I appreciate that you might need to pivot from "a social network for dogs" to "a social network for pets" or even "a dog training forum" - but this just seems like they were given investment for one idea, then immediately dropped it to do something else.
Or, like I say, have I missed something vital?
Re: How I Crashed and Burned in Y Combinator
#13Am I missing something here? You can get $$$ and top quality advice for an _idea_ and then just turn around and say "bored now - let's do something else"? And then, so it seems, when that idea runs out you just say "uhhh... let's do this instead!" So, what are the YC people investing in? Two guys who seem pretty smart? I appreciate that you might need to pivot from "a social network for dogs" to "a social network for…
Re: How I Crashed and Burned in Y Combinator
#14Am I missing something here? You can get $$$ and top quality advice for an _idea_ and then just turn around and say "bored now - let's do something else"? And then, so it seems, when that idea runs out you just say "uhhh... let's do this instead!" So, what are the YC people investing in? Two guys who seem pretty smart? I appreciate that you might need to pivot from "a social network for dogs" to "a social network for…
Yes, actually. Under the assumption that smart people can adapt and change as situations demand.
Someone with "a good idea" who is not smart is tied to that good idea. If it turns out not to be a good idea, or the environment changes and they need to adapt... I'd rather bet on the smart people.
Re: How I Crashed and Burned in Y Combinator
#15This is what happens when people want to "do a startup" more than they want to build a business doing X. The passion for the idea/product should come first, with incubators (if deemed necessary) being used as a tool towards achieving that goal.
Re: How I Crashed and Burned in Y Combinator
#16Re: How I Crashed and Burned in Y Combinator
#17> I would have to talk to my cohort and confirm that no, we hadn’t found an idea yet and yes, we were still super excited about our “company.” I did little else but eat, code and sleep. If you don't have an idea what you're doing what are you doing coding?
Re: How I Crashed and Burned in Y Combinator
#18What a great story. Charlie is very brave for telling this, and it's something that more people need to hear. Getting into YC is not an achievement. Even if you get in, you're not special. You still have to bust your ass like everyone else trying to build a company. Not getting into YC isn't a big deal either, because you're still not special. Stories like Charlie's should help others highlight this fact. He said tha…
Unfortunately, the marketing of YC (and many other accelerators) disagrees with this, with emphasis that joining a startup accelerator validates you and makes you part of the elite and gives you the authority to make a I'm-a-thought-leader Medium blog post. (Case in point, the "A YC alumni’s tactic to hack some early investors interest through a prolific Angel" incident: https://www.dropbox.com/s/go9lfnxwt9fnax2/My%20Investment%20...)
The disconnect between -group-likes-my-startup and the reality of operating the startup is one of the reasons why there is a rise in stupid startups which eventually crash and burn. (This is also one of the reasons I hate sites like Product Hunt)
Re: How I Crashed and Burned in Y Combinator
#19Am I missing something here? You can get $$$ and top quality advice for an _idea_ and then just turn around and say "bored now - let's do something else"? And then, so it seems, when that idea runs out you just say "uhhh... let's do this instead!" So, what are the YC people investing in? Two guys who seem pretty smart? I appreciate that you might need to pivot from "a social network for dogs" to "a social network for…