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My Y Combinator experience

marcobambini.com

71–80 of 152 posts

Re: My Y Combinator experience

#71

I'm also reading some cultural clash between American and Europeans/Mediterranean mentalities. Prioritizing your business model over your product and answering amiably to annoying questions are decidedly "American" behaviors. That's not to say these aren't great practices for aspiring entrepreneurs. When you're ready to apply again, maybe you should consider hiring an Italian guy with an American MBA who can bridge t…

Totally wrong. The technical bias shown here is every bit as strong in American entrepreneurs who lack experience pitching a product. I see this still all the time and it took a few of these painful holding up a mirror experiences for me to start seeing things from multiple perspectives.

If they have the courage to really examine what went wrong here they will come back much stronger.

Re: My Y Combinator experience

#72
It's an interesting read but I hope the OP takes away more than a renewed drive "to show them".

For an outsider it looks like a classical "overengineering" kind of project. You say it's too complex a problem to test early but if you reapply keep this in mind "validate you're not heading down the wrong path as early as possible" is the mantra. You seem outraged that XCode was suggested for example but you should have had a very clear non-technical response. Maybe list stuff like Ionic or even rapid prototyping stuff like Quartz Composer with Origami. Then link them by saying you can essentially build apps as if using Origami but get close to native performance, better code etc (mind you the JS to native compilers and pure JS folks will make similar claims)

Who's your target audience. Programmers becuse it takes them less time, designers because they can get further without programming?

I think you (the devs) should sit down for a coffee and talk through your project without going technical. Think of it as hacking the application process if you want. Fill out a Lean Canvas for your product even if it seems silly. Grill each other as if reliving the interview.

tl;dr: Pretend you're talking to nontechnical people and ignore everything that feels like "did they even read our application". Just mentally imagine they have invited you because someone recognized this as a hard engineering problem and now they are mostly interested in the business side.

Re: My Y Combinator experience

#73
post #56

Despite all the good points made by other commenters here, I see that nobody has yet quoted the other somehow related story that appeared on these pages not long ago: How I Crashed and Burned in Y Combinator https://news.ycombinator.com/item?id=8867335 It seems interesting because the author of that post basically described how he came to YC without a developed product but only a vague and confused idea, and how his…

Because the person with the shaky and vacuous idea but excellent marketing chops has far more chance of success than the team with 500klcs written with no market validation (that team will be extremely reluctant to change course if their idea doesn't pan out with customers).

Re: My Y Combinator experience

#74

Earlier quoted context omitted.

It's strange you should say that, because I didn't get that at all. He was being honest. Why would that be a problem?

Things like "(Eclipse Holy God, you really just said Eclipse??)" really come across as pretty negative to me and I'm no big fan of Eclipse. All the questions asked seemed pretty reasonable to me - after all the person asking the questions is looking at it from a business rather than a technical perspective. If someone who is running a company can't adapt to the type of person asking the question then I would see that…

I read that statement less as arrogance and more as one's internal thought process when an interview starts to go in the wrong direction. Before any interview or presentation, I have an idea in my mind of how the conversation is going to go (some canned answers here and there for info that requires a concise explanation, some general ideas to touch on, etc.).

I'd guess that never in these dev's rehearsals did they imagine they'd be defending their validity as a product over a product like Eclipse.

That's not to say that the question was wrong to ask; in fact, I think it was one of the most important questions asked at that interview because it gives the Creo team great insight into how people are trying to "fit" their product into the current market. I do think, however, that the question threw the Creo team for a loop because it doesn't allow them to highlight the benefits of Creo in a meaningful way.

Re: My Y Combinator experience

#75
My guess is:

You're just too early for YC. They have so many applications where the business/growth side of things are farther along than in your case, and they'd rather pick those companies for the finite amount of spots that they have at this time.

They wouldn't say they were impressed by your product unless they really truly were. They're just waiting for some more validation because they have had companies try to do this in the past and all (including mine) have failed.

I believe there is an opportunity here, but it's incredibly grueling to spend months developing only to realize after user testing that you've developed something that has significant problems that require months more development time. If there's a lighter-weight way of testing that what you're building is going to be easy to develop with, you should definitely do that and re-apply.

EDIT: Btw, "Y Combinator has been created for one single purpose: to make money." That's definitely false. They do use this criteria to help them select companies, but it's definitely not the single reason it was created.

Re: My Y Combinator experience

#76
post #73
post #56

Despite all the good points made by other commenters here, I see that nobody has yet quoted the other somehow related story that appeared on these pages not long ago: How I Crashed and Burned in Y Combinator https://news.ycombinator.com/item?id=8867335 It seems interesting because the author of that post basically described how he came to YC without a developed product but only a vague and confused idea, and how his…

Because the person with the shaky and vacuous idea but excellent marketing chops has far more chance of success than the team with 500klcs written with no market validation (that team will be extremely reluctant to change course if their idea doesn't pan out with customers).

"the person with the shaky and vacuous idea but excellent marketing chops has far more chance of success than the team with 500klcs written with no market validation"

Well said - that was an incredibly painful lesson for me to learn as co-founder of a UK based startup in the first dot-com boom. We must have raised over £25 million and, to be honest, had very little market validation at any stage - and the revenues to prove it.

Re: My Y Combinator experience

#77
From reading both the article and the comments here, one common theme seems to be surprise that the YC partners didn't appear to know all of the information that was included in the application.

Here's a tip for anyone who lands a YC interview: go in with the assumption that no one who is interviewing you has read your application form, and you'll have a much higher chance of success!

Think about this from the POV of YC partners. They're interviewing literally hundreds of companies over a few short days. At s guess, they're doing 4 interviews an hour for 5 hours a day = 20 per day (probably higher).

When are they going to read the applications in depth? If they read 20 applications at the start of the day they'll have real trouble remembering which one is yours by the time they get to you. If they read your application directly before your interview, they'll only have time to skim it (my guess is that this is what they do, I'm happy to be corrected).

For you, your application represents days of work, and your interview is the most important 10 minutes of your entrepreneurial life. For them, you are one in a thousand applications.

The application is the thing that gets you the interview, nothing more.

Re: My Y Combinator experience

#78
I just think they could have had the same questions asked by a potential customer, in a real sales pitch, and then they would definitely need more patience and stronger answers to win the client.

They seem to know their technical needs, but I would spend more time talking to possible early adopters... that would help the project itself and also their pitches for VCs and accelerators :)

Re: My Y Combinator experience

#79
post #77

From reading both the article and the comments here, one common theme seems to be surprise that the YC partners didn't appear to know all of the information that was included in the application. Here's a tip for anyone who lands a YC interview: go in with the assumption that no one who is interviewing you has read your application form, and you'll have a much higher chance of success! Think about this from the POV of…

The best advice on the thread, just ignore the application.

Re: My Y Combinator experience

#80

Sorry guys - if I was interviewing you as a YC partner, I'd pass on you too. You repeatedly express frustration that the interviewers were not intimately familiar with your application, but it doesn't seem if you put much into familiarizing yourself with YC and their flavour of logic. YC: Why are you spending so much time developing this application? Creo: It is not only an application, it is a compiler, a virtual ma…

You seem to think that fast product iteration and testing with customers is the only way to go. It isn’t. The most ambitious projects sometimes need bold commitment. For instance if you want to create a space travel company, you will need funding way before you've finished your proof of concept. Now, maybe Y Combinator is simply not their market.

>For instance if you want to create a space travel company, you will need funding way before you've finished your proof of concept.

There are always some ways to test concept. I've done a fair bit of indirect testing in my business, as my products take years to develop. I always found a way to test the most central aspects of them, usually in a week or two.

I don't know how you'd do it for the product these guys are trying to build, because I'm not familiar with their space. But there must be a way.

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