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Y Combinator Traded Prestige for Growth

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Re: Y Combinator Traded Prestige for Growth

#11

How many times did the author apply and get rejected from YC? I have heard this sentiment before, from a less successful VC. After comparing them based on track record, it was clear YC is in a league of its own. I want to get advice from people who have built startups before. Looks at YC advisors on YouTube and you'll find they're all very successful. Look at the partners and advisors at most VCs or accelerator progr…

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Re: Y Combinator Traded Prestige for Growth

#12
post #8

IMHO this post misses the fact that YC becoming a prestige institution is itself a sort of failure mode. You don't want to attract founders who figure YC is a low-risk alternative to grad school that will look good on their resume. It's tough to avoid that outcome while still conferring positive signal to VCs/potential employees, though. I'm sure YC/Garry see something in the PearAI founders' ability to market themse…

What would YC 2.0 look like? How would you build it?

Re: Y Combinator Traded Prestige for Growth

#13

They seemed to trade quality as well. Its now a net negative signal for a company's success if they are accepted into YC.

You’ll have to expand on this for us plebs. To whom is it a net negative signal?

To anyone with eyes? Job seekers looking for startups to join, investors looking for places to put money, etc.

I'm sorry if your company got accepted into YC, better luck next time. At least you can hang out with the founders of... 100 AI-assisted Code Editors, 'The first Travel Credit Card for Gen Z', 'Starbucks memberships for restaurants', 'a video first food delivery app, tiktok meets doordash', and 'the operating system for vacation rentals'. Truly a staggering group of talent.

Those are all real companies in W24 btw...

Re: Y Combinator Traded Prestige for Growth

#14

Oof just watched a video from the Pear.ai guys and was happy to hear they made it into YC. I don't know much about the project, but they seem like good people.

"What we're doing isn't technically illegal so stop talking about it" isn't generally a phrase used by what I'd call good people, but we'll agree to disagree.

I don't get the objection here.

Forking is part of how open source is supposed to work.

Re: Y Combinator Traded Prestige for Growth

#16

They seemed to trade quality as well. Its now a net negative signal for a company's success if they are accepted into YC.

You’ll have to expand on this for us plebs. To whom is it a net negative signal?

A) Security is always an afterthought at YC companies - I know from firsthand experience.

B) YC companies are risky to use, obviously we meme about people using IBM for "saftey", but there is an opposite side of that which is going with a seed stage company - it's very risky.

C) Even if you are a happy customer, if you are too niche they will typically abandon you. I've been on the decision making side for this, sometimes your early customers don't fit your new market, so you have to let them down slowly.

Re: Y Combinator Traded Prestige for Growth

#17
post #14

Earlier quoted context omitted.

"What we're doing isn't technically illegal so stop talking about it" isn't generally a phrase used by what I'd call good people, but we'll agree to disagree.

I don't get the objection here. Forking is part of how open source is supposed to work.

The objection is it’s extremely unlikely licenses are being followed and they seek to profit from good will of free software.

Re: Y Combinator Traded Prestige for Growth

#18
post #14

Earlier quoted context omitted.

"What we're doing isn't technically illegal so stop talking about it" isn't generally a phrase used by what I'd call good people, but we'll agree to disagree.

I don't get the objection here. Forking is part of how open source is supposed to work.

There's a difference between forking to make a OSS project better and forking to create a clone just for the sake of VC funding that doesn't trickle down back to the original code.

Even if it's allowable by the permissive license of the original code, it's not a net positive for OSS.

Re: Y Combinator Traded Prestige for Growth

#20
post #14

Earlier quoted context omitted.

"What we're doing isn't technically illegal so stop talking about it" isn't generally a phrase used by what I'd call good people, but we'll agree to disagree.

I don't get the objection here. Forking is part of how open source is supposed to work.

The beauty of forking/open source is the ability to contribute back to the original project or take over an abandoned project. In this case, the original project Continue.dev isn't abandoned and actually has more traction/commits than the PearAI fork. But what PearAI did not do is a traditional fork. They took the commit history, re-branded everything to PearAI, pushed it up to their own repo, and claimed that the contributors of VSCode & Continue were their own contributors on Twitter.

That's not the spirit of open source. I'm sure the authors of Continue.dev did not intend for their work to be used this way, even if the license is permissive of it.

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