90% of Y Combinator Startups Have Already Accepted The $150k Start Fund Offer
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Re: 90% of Y Combinator Startups Have Already Accepted The $150k Start Fund Offer
#2Going off on a tangent, one of the comments on the TC article seemed really odd - even by TC's standards for terrible comments.
Am I the only one who finds Y combinator predatory? It preys on 20 year old kids who think they're building the next google. Am I crazy?
And on a pedantic note: 39/43 rounds to 91% rather than 90%.
Re: 90% of Y Combinator Startups Have Already Accepted The $150k Start Fund Offer
#3Going off on a tangent, one of the comments on the TC article seemed really odd - even by TC's standards for terrible comments. Am I the only one who finds Y combinator predatory? It preys on 20 year old kids who think they're building the next google. Am I crazy? On the actual subject of the article - if any of the four startups that haven't (yet) signed the paperwork don't end up accepting the offer, I hope they sh…
Maybe that commenter is being a bit harsh, but I certainly also get that vibe. At the very least the whole thing has a "dotcom bubble, version 2.0" feel.
Re: 90% of Y Combinator Startups Have Already Accepted The $150k Start Fund Offer
#4Going off on a tangent, one of the comments on the TC article seemed really odd - even by TC's standards for terrible comments. Am I the only one who finds Y combinator predatory? It preys on 20 year old kids who think they're building the next google. Am I crazy? On the actual subject of the article - if any of the four startups that haven't (yet) signed the paperwork don't end up accepting the offer, I hope they sh…
Maybe that commenter is being a bit harsh, but I certainly also get that vibe. At the very least the whole thing has a "dotcom bubble, version 2.0" feel.
I'd be interested to hear you elaborate on that. I keep hearing comparisons to the tech bubble (particularly around LinkedIn's IPO), but I'm having trouble seeing the parallels.
Re: 90% of Y Combinator Startups Have Already Accepted The $150k Start Fund Offer
#5Going off on a tangent, one of the comments on the TC article seemed really odd - even by TC's standards for terrible comments. Am I the only one who finds Y combinator predatory? It preys on 20 year old kids who think they're building the next google. Am I crazy? On the actual subject of the article - if any of the four startups that haven't (yet) signed the paperwork don't end up accepting the offer, I hope they sh…
Some people believe that in every economic transaction, at least one party must be exploited, no matter how wildly beneficial the deal is to both sides. It's actually a natural implication of the idea that wealth is never created, only reallocated. Unfortunate to see that view among TechCrunch readers, who have evidence to the contrary presented to them every day.
Re: 90% of Y Combinator Startups Have Already Accepted The $150k Start Fund Offer
#6Going off on a tangent, one of the comments on the TC article seemed really odd - even by TC's standards for terrible comments. Am I the only one who finds Y combinator predatory? It preys on 20 year old kids who think they're building the next google. Am I crazy? On the actual subject of the article - if any of the four startups that haven't (yet) signed the paperwork don't end up accepting the offer, I hope they sh…
Maybe that commenter is being a bit harsh, but I certainly also get that vibe. At the very least the whole thing has a "dotcom bubble, version 2.0" feel.
Seems to me that the people who get accepted by YC (and, most likely, the majority of the people who apply to YC) are the kind of people who would be doing their stuff with or without the help of YC.
As to a bubble - without getting into that debate now, even if it later turns out that we're in a massive bubble right now, YC are investing money/time with the purpose of making money, so they're in the same situation as the founders themselves, in that they don't want the bubble to burst, and they don't want to see their startups fail.
Re: 90% of Y Combinator Startups Have Already Accepted The $150k Start Fund Offer
#7The $150k offer reminds me of a rumor about the way in which Subway selected franchise locations back in the 1980's.
Subway wouldn't do extensive market research or study traffic counts. Instead, they would see where there was a McDonalds franchise and then open a franchise in the same catchment area. At least that was the rumor (not to compare YC to McDonalds or Hamburger University).
Re: 90% of Y Combinator Startups Have Already Accepted The $150k Start Fund Offer
#8Going off on a tangent, one of the comments on the TC article seemed really odd - even by TC's standards for terrible comments. Am I the only one who finds Y combinator predatory? It preys on 20 year old kids who think they're building the next google. Am I crazy? On the actual subject of the article - if any of the four startups that haven't (yet) signed the paperwork don't end up accepting the offer, I hope they sh…
Some people believe that in every economic transaction, at least one party must be exploited, no matter how wildly beneficial the deal is to both sides. It's actually a natural implication of the idea that wealth is never created, only reallocated. Unfortunate to see that view among TechCrunch readers, who have evidence to the contrary presented to them every day.
I wouldn't mind hearing the view that YC is exploiting founders (though I wouldn't agree with it), but the idea of YC exploiting them in such a way that YC would lose money is fairly dumb.
Re: 90% of Y Combinator Startups Have Already Accepted The $150k Start Fund Offer
#9Earlier quoted context omitted.
Maybe that commenter is being a bit harsh, but I certainly also get that vibe. At the very least the whole thing has a "dotcom bubble, version 2.0" feel.
I'd be interested to hear you elaborate on that. I keep hearing comparisons to the tech bubble (particularly around LinkedIn's IPO), but I'm having trouble seeing the parallels.
Everyone starting startups, joining startups, or wanting to do one of those. The majority of people working for peanuts, in hopes of future riches, spurred on by stories of a few people making it big, obscenely big. Businesses with vague business plans, and sales pitches full of jargon intermixed with good ideas but for the most boiling down to "we're on the internet!". Investors getting excited about an industry they don't understand. All of this fueled by long nights pulled by young kids who's bodies can take the caffeine abuse for a while.
Now, I sure as hell hope this time it turns out differently, and even it working out the same it would be pretty slick (I wasn't quite in industry yet the first time around, so it almost seems like harmless fun to me), but I definitely can see some parallels. Also, I'm talking about the industry in general right now, not just YC.
Re: 90% of Y Combinator Startups Have Already Accepted The $150k Start Fund Offer
#10Going off on a tangent, one of the comments on the TC article seemed really odd - even by TC's standards for terrible comments. Am I the only one who finds Y combinator predatory? It preys on 20 year old kids who think they're building the next google. Am I crazy? On the actual subject of the article - if any of the four startups that haven't (yet) signed the paperwork don't end up accepting the offer, I hope they sh…
That doesn't seem odd at all, "who think they're building the next Google" looks like a typical internet putdown. (The implication being that they
Which should be cleared up by reading http://lesswrong.com/lw/qs/einsteins_superpowers/