Earlier quoted context omitted.
Answered in this thread 7 minutes after you posted :) https://news.ycombinator.com/item?id=12877188
Is there a term for not bothering to remember things, because someone will just answer for me? :P
"Crowdsourcing"
Y Combinator's Hardware Guy Leaves After 14 Months
121–123 of 123 posts
Re: Y Combinator's Hardware Guy Leaves After 14 Months
#122Earlier quoted context omitted.
They also said the fund was based in Palo Alto instead of Mountain View.
If you search for Y Combinator on Google Maps it gives you a giant circle centred on Mountain View that spans all the way from Palo Alto to Santa Clara. Address is definitely Mountain View, though. Interesting, I've never seen that before.
Finally looked at it and it's because the address is generically "Mountain View, CA" in Google Places. I tried to suggest an edit to give it a more precise address but it wasn't one of the available options. Perhaps YC asked for their address to not be listed so random people don't show up to pitch.
Re: Y Combinator's Hardware Guy Leaves After 14 Months
#123Earlier quoted context omitted.
Why? YC partners go on to start companies. And it's not uncommon for a founder to raise money from a VC firm they worked at in the past.
Ycombinator insists that being part of their in-crowd does not warrant special treatment. It would have been more appropriate to find funding elsewhere.
No, it wouldn't. It's exceedingly common for companies to raise money from places that have invested in the founder before. What YC's policy is saying is that you do not get a bonus over a better qualified founder by being in the YC network. Again, the incentives for YC align with choosing the best investments. What does YC get by inappropriately giving someone money who doesn't deserve it? Nothing.