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Y Combinator Failed Startups
191–197 of 197 posts
Re: Y Combinator Failed Startups
#192How can you make a list of failed yc companies and not mention homejoy? $66m raised, bad operations, bas unit economics, lawsuits and an abrupt shutdown. All of that after being the calley darling for so long.
$40m but who's counting :) I've seen the $66m figure quoted a lot but not sure where it comes from.
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Re: Y Combinator Failed Startups
#193Earlier quoted context omitted.
This applies to only 1 of the 5 companies named in the "Other Failed YC Startups" section. What about the founders of the other 4 companies there?
Presumably, since failing in Silicon Valley is widely seen as a good thing, this should be seen as a step on the path to enlightenment.
Some of the people who will view the post will think that. Others will not.
Re: Y Combinator Failed Startups
#194> suspicions uBiome was billing its client’s medical insurance providers multiple times without the prior knowledge or consent of their clients > Growth-hacking on the wild-west which is the internet is one thing, but when you try to use similar tactics in traditional, heavily regulated industries in developed, heavily regulated markets - that’s a recipe for disaster. Was this growth-hacking or outright fraud? Are th…
Outright insurance fraud. https://www.cnbc.com/2019/05/06/ubiome-suspends-clinical-ope... >In the months before the FBI search, the company would often bill insurance multiple times for its tests without patient consent, insiders told CNBC. In an interview, one customer, Marc Harris, told CNBC that he sent in two samples, but the $2,970 test was billed to his insurance five times.
It happened to me. Billed my insurance double and sometimes triple for each test.
Re: Y Combinator Failed Startups
#195Anyone else thought that the list of failed startups starts with NerdPilots? That ad is a little misplaced.
Can we talk about NerdPilots CSS mastery ? https://ibb.co/vZHS7xT (on firefox, laptop)
Re: Y Combinator Failed Startups
#196Earlier quoted context omitted.
Has any AR product not been garbage?
I can say Pokemon Go was a great success. I never played it because I'm not into AR, but I like this vertical of positive social/gaming experiences.
I guess it falls under the very vague term of "AR product", depending on how you define it, but it's not an AR visualization product. Rendering pokemon on top of a surface is a cute little gimmick but if that feature wasn't there it wouldn't really matter.
Re: Y Combinator Failed Startups
#197Earlier quoted context omitted.
She railroaded our YC interview for having a similar model (albeit in a different vertical) simply because she failed, so naturally we would also fail. Aaron Harris, another failed entrepreneur turned YC partner, has routinely done the same I've heard. We're now 2 years later pushing $2M ARR profitably and about to raise our Series A. YC not taking 7% of our company was the best thing that ever happened to us. YCombi…
Seems like we made a mistake, and congratulations on your success! If you're open to it, I'd love if you could email me the name of your company (jared@ycombinator.com). We are extremely interested in learning from mistakes like this.
Why would I do that?