Earlier quoted context omitted.
there is dharma.io on second day.
ok, only one company.
The article (oddly) doesn't mention it, but Surematics is blockchain based - https://surematics.com/
Companies from Y Combinator’s Summer 2017 Demo Day (Day 2)
21–30 of 78 posts
Re: Companies from Y Combinator’s Summer 2017 Demo Day (Day 2)
#22observation: Good: Hardly any entry of "Uber for X". That's a relief considering most "uber for X" are not viable businesses. Bad: we are going after "billion dollar market". How do you even estimate the market size ?? why dream of revenue in billions why not millions. A small company can be a great company. Bad: 50%-60% companies from day 1 or day 2 do not have mission critical business. Their business is finding a…
There are quite some "Uber for x," but I'm guessing no one will mention Uber in conversations as it brings up bad memories...look closely from day 1. Marketplaces are effectively "Uber for x"
If you consider any marketplace the "Uber for X", then Uber is the eBay for seats in cars. :)
Re: Companies from Y Combinator’s Summer 2017 Demo Day (Day 2)
#23It surprises me how successful these companies are already. I don't think to have more than $20K MRR is any less than having a product-market fit (of a lesser scale, maybe). It's almost as if YC is not taking bets at all because the companies that are applying seem to know well what are they solving. And although it's not obvious from the article, it sounds like they scaled to that revenue pretty quick (comparatively…
I always ask this myself. I think like you said, startups are so mainstream now that the traction bar is higher now. But the problem is that YC also seems to be getting less prestigious. As great as these companies are, I am sorry but I don't believe that 100+ a batch is the same YC as what started a decade ago. YC is now a factor, not a family.
Re: Companies from Y Combinator’s Summer 2017 Demo Day (Day 2)
#24Dating site for muslims? When did YC start funding for ideas like these? Don't the normal dating sites already cater to everyone?
Re: Companies from Y Combinator’s Summer 2017 Demo Day (Day 2)
#25It surprises me how successful these companies are already. I don't think to have more than $20K MRR is any less than having a product-market fit (of a lesser scale, maybe). It's almost as if YC is not taking bets at all because the companies that are applying seem to know well what are they solving. And although it's not obvious from the article, it sounds like they scaled to that revenue pretty quick (comparatively…
I always ask this myself. I think like you said, startups are so mainstream now that the traction bar is higher now. But the problem is that YC also seems to be getting less prestigious. As great as these companies are, I am sorry but I don't believe that 100+ a batch is the same YC as what started a decade ago. YC is now a factor, not a family.
> I don't believe that 100+ a batch is the same YC as what started a decade ago. YC is now a factor, not a family.
You are not wrong.
The batches are of noticeably lower quality. I wont name names out of respect for the founders obviously, but you certainly have to wonder if some have been chosen solely based on their touting the latest cool tech buzzword in their application. My opinion also is that YC has moved from its earlier mandate of discovering talent to funding companies that the partners consider 'promising', where 'promising' == 'safe bet'. A lot of talented founders do not have the resources to build a company that has gained traction by the time they apply; heck a lot of talented founders not even have a viable company/idea at the time of first contact.
YC now funds companies that in another era would be considered stable, non risky investments. Could AirBnB, Reddit, Segment and DropBox (companies founded by wild youngsters with only an idea,in the case of Segment and Reddit founders a bad initial idea, and no market presence) be funded by YC today ? I'd bet not. Why? Because YC now places safe bets. You know which other institution plays it safe when giving out money ? Banks. The partners were on to something when they announced YC fellowship in 2015, it would have been a way to return to their roots and explore anew the lost idea of seeking out and funding talent, but sadly they shut it down. YC has grown big and successful and perhaps is itself ripe for disruption.
Re: Companies from Y Combinator’s Summer 2017 Demo Day (Day 2)
#26Retool sounds great. I've wasted so much of my time building internal tools that are relatively simple and are just a bunch of forms and always thought that finding an easy way to build internal tools is a massive market opportunity. But I wonder if it's even possible to create a one size fits all solution. Hope they find a way.
Re: Companies from Y Combinator’s Summer 2017 Demo Day (Day 2)
#27Retool sounds great. I've wasted so much of my time building internal tools that are relatively simple and are just a bunch of forms and always thought that finding an easy way to build internal tools is a massive market opportunity. But I wonder if it's even possible to create a one size fits all solution. Hope they find a way.
Sounds good, but there is no information about how it actually works.
EDIT: They had a show HN post a couple of months ago https://news.ycombinator.com/item?id=14515494
Re: Companies from Y Combinator’s Summer 2017 Demo Day (Day 2)
#28My sleeper out of the bunch: Loop Support sounds like a really awesome idea.
Companies will pay tens of thousands of dollars/month to hire good support staff. If Loop can automate easy tickets away with a knowledge base (with NLP/ML + humans), the unit economics of their pricing seems really good. Any company with a large volume of non-technical support tickets could benefit from Loop. Does anyone know how competitive the space is?
Some advice to Loop founders though: please learn how to design a website - looks like a badly clobbered Bootstrap job.
Re: Companies from Y Combinator’s Summer 2017 Demo Day (Day 2)
#29observation: Good: Hardly any entry of "Uber for X". That's a relief considering most "uber for X" are not viable businesses. Bad: we are going after "billion dollar market". How do you even estimate the market size ?? why dream of revenue in billions why not millions. A small company can be a great company. Bad: 50%-60% companies from day 1 or day 2 do not have mission critical business. Their business is finding a…
It's the fundamentals behind investing. Basically, you make no money gambling $10 ten times on 10% chance of success with $100 returns, but you make money if the returns are $10,000.
So, for investing in companies, there is no point funding companies aiming for millions as you can't get a good return because of the failure rates. They're basically taking up one of the slots of a potential billion $$$ company.
The point is for every 10 companies funded, have 1 become a billion $$$ company, while most of the rest will fail.
Say YC has a 6% stake, which gets diluted down to 1%(? I don't really understand this side of it) and then the company sells for $10 mill. Great for the founders, but YC only make $100,000. That doesn't cover the other 9 companies that failed (10 * $16,000 = $160,000 = $60,000 loss).
Re: Companies from Y Combinator’s Summer 2017 Demo Day (Day 2)
#30Retool sounds great. I've wasted so much of my time building internal tools that are relatively simple and are just a bunch of forms and always thought that finding an easy way to build internal tools is a massive market opportunity. But I wonder if it's even possible to create a one size fits all solution. Hope they find a way.
Sounds good, but there is no information about how it actually works. EDIT: They had a show HN post a couple of months ago https://news.ycombinator.com/item?id=14515494
Ah, that gives a bit background. The visual programming language sounds cool. Would love to play with it. About to set up a internal tool architecture and so far it looks like it's gonna be react toolkit + separate graphql endpoint.