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Y Combinator, Backer of Dropbox, Vaults from Experiment to Kingmaker

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21–30 of 80 posts

Re: Y Combinator, Backer of Dropbox, Vaults from Experiment to Kingmaker

#21
post #15
post #7

Hey guys, this wasn't supposed to be on the front page. We (Manish, Zach, Kaya, and Lucas) are at the YC hackathon taking place right now. We're building an app that is like MoviePass for different publications. I posted this link here because FB, Google, etc bypass WSJ paywalls but HN doesn't (which we need for our demo).

"Oops" That is really funny. Real life writes better material for Silicon Valley.

Ssssssttt.

Don't wake the children yet.

Re: Y Combinator, Backer of Dropbox, Vaults from Experiment to Kingmaker

#23
post #11

Earlier quoted context omitted.

While I love the utility of it, how the hell is that website legal? It’s stated purpose is to violate copyright law?! From the page trailer: > Outline is a free service that makes websites more readable. We remove the clutter, like ads, related links, and comments—so you can read comfortably.

From the latency, it looks like it doesn't cache. So it's literally transformative. If that matters, I don't know.

Where did this "editing a copy makes it transformative" meme come from? Legally, transformative means "created a substantially new work" not "mechanically applied a style change that preserves all of the original content and its original value"

Re: Y Combinator, Backer of Dropbox, Vaults from Experiment to Kingmaker

#24
post #11

Earlier quoted context omitted.

While I love the utility of it, how the hell is that website legal? It’s stated purpose is to violate copyright law?! From the page trailer: > Outline is a free service that makes websites more readable. We remove the clutter, like ads, related links, and comments—so you can read comfortably.

I always wonder: how are journalists supposed to get paid when people steal their content?

"Real journlaists do it for the love of their art."

Re: Y Combinator, Backer of Dropbox, Vaults from Experiment to Kingmaker

#25

Even the first batch of YC was fairly successful - reddit made three millionaires, and Loopt made two or three.

"millionaire" is hardly successful for YC, any of those people and more would have been millionaires if they joined an established big company. $10millionaires would be interesting credit for YC (and maybe some of them are). And Reddit's impact on society as a top 10 consumer website is undeniable regardless of financials.

Re: Y Combinator, Backer of Dropbox, Vaults from Experiment to Kingmaker

#26
post #19
post #5

I don't know if it's a popular opinion to hold but YC has always been a kingmaker from the start. Only when Dropbox filed an IPO and is now worth a bazzilion dollars in the public market most of the media has caught up to their work. To the entire team at YC keep going there are phenomenal startups to come :)

In my opinion YC had some good wins early on but now, especially as the cohorts have gotten much larger, it’s not clear if they’re still “kingmakers”. It would be more impressive if their cohorts were still very small and had a high success rate (however you measure success).

The key factor here is the time it takes for a startup to be "successful", it took 9-11 years for Dropbox, Airbnb, Stripe to get to where they are today after they went through YC. It will take a similar amount of time to see how successful the larger batches are. I'm guessing your concern is whether they manage to give the same attention to each of the startups as the intake size increases. PG talks about doing things that don't scale (http://paulgraham.com/ds.html), so I'm guessing YC is trying to experiment with scaling, and it will be at least a few years to see definitive results.

Re: Y Combinator, Backer of Dropbox, Vaults from Experiment to Kingmaker

#27

Earlier quoted context omitted.

I always wonder: how are journalists supposed to get paid when people steal their content?

"Real journlaists do it for the love of their art."

They do it for exposure.

Re: Y Combinator, Backer of Dropbox, Vaults from Experiment to Kingmaker

#28
YC today is becoming the same as brand-name universities have. Their hype cycle as kingmaker now attracts 7000 applications for 141 slots. If you pick the best and the brightest, your value add is debatable.

Just like Ivy league schools - regardless of how good their program is, by virtue of picking the best, they have de-risked their brand dilution considerably. Mark Z didn't need Harvard or a degree to become a billionaire. If all the knowledge of YC gets democratized, anyone from anywhere can thrive at a business without going through YC

Re: Y Combinator, Backer of Dropbox, Vaults from Experiment to Kingmaker

#29

Even the first batch of YC was fairly successful - reddit made three millionaires, and Loopt made two or three.

"millionaire" is hardly successful for YC , any of those people and more would have been millionaires if they joined an established big company. $10millionaires would be interesting credit for YC (and maybe some of them are). And Reddit's impact on society as a top 10 consumer website is undeniable regardless of financials.

Especially since you have to be close to a millionaire already to invest in anything.

Re: Y Combinator, Backer of Dropbox, Vaults from Experiment to Kingmaker

#30

YC today is becoming the same as brand-name universities have. Their hype cycle as kingmaker now attracts 7000 applications for 141 slots. If you pick the best and the brightest, your value add is debatable. Just like Ivy league schools - regardless of how good their program is, by virtue of picking the best, they have de-risked their brand dilution considerably. Mark Z didn't need Harvard or a degree to become a bil…

If all the knowledge of YC gets democratized, anyone from anywhere can thrive at a business without going through YC

I doubt that. Knowledge alone is not what they provide. Additionally, even if it were, we often don't know what we know and trying to capture and convey our knowledge is incredibly challenging.

What people soak up by being in the same room with those in the know and getting their feedback live and watching them model behavior is just not something you can actually convey by (say) writing a book. The book would be the tip of the iceberg, at best.

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