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Y Combinator Is Now Getting Over One Application Every Minute

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21–30 of 52 posts

Re: Y Combinator Is Now Getting Over One Application Every Minute

#21
I was asking HN some time ago if I should wait for Y Combinator, or...

Well, i did not apply anywhere else, and it seems i waited until the very last day. I'm glad I waited, though as 7 days ago my application would contain a totally different app. :)

Good luck everybody!

Re: Y Combinator Is Now Getting Over One Application Every Minute

#23
post #13

Being someone who submitted an application around 11:59pm in a previous season, I wonder what makes people wait until the last minute. In our case it was the big decision of whether we should apply or not (we didn't have a site, didn't really talk it through among ourselves), which pretty much made the resulting rejection a self satisfying prophecy.

i think most people just wait until the very last minute... it's like a bad habit. but also things can change quickly on the web.

we've been experimenting with a couple of stuff recently and came up with something different last week. :)

Re: Y Combinator Is Now Getting Over One Application Every Minute

#24

This is seriously impressive. Speaks to the value startups anticipate getting out of the YC experience.

Unfortunately, I think that some companies are in it for the funding as opposed to the experience itself. The real value of YC has little to do with any checks you get, but the knowledge you earn. I would take a YC spot over a $5 million VC check in an instant. $5 million buys a lot of Heroku dynos, but the YC-knowledge/experience is something that can make you potentially 50x anything you could get without YC.

Re: Y Combinator Is Now Getting Over One Application Every Minute

#26

This is seriously impressive. Speaks to the value startups anticipate getting out of the YC experience.

Unfortunately, I think that some companies are in it for the funding as opposed to the experience itself. The real value of YC has little to do with any checks you get, but the knowledge you earn. I would take a YC spot over a $5 million VC check in an instant. $5 million buys a lot of Heroku dynos, but the YC-knowledge/experience is something that can make you potentially 50x anything you could get without YC.

Agree. Relationships, advice and experience (probably in that order) are how you get on the path to success, not money.

Having said that, $5M or a YC experience would be a tough choice -- would depend on the nature of my idea. <=$2M or YC I'm going YC all the way.

Re: Y Combinator Is Now Getting Over One Application Every Minute

#27
I find statistics about this really inspiring. Even if YC only funds 3% if the volume keeps growing that is a good sign. Combined with the previous discussion on China which pointed out that growing an economy by infusing cash alone doesn't give you the results of long term growth, only innovation does, makes me optimistic.

Sure there will be a lot of hopelessly naive applications, can't be avoided really, but there could be some real ground breakers as well.

Re: Y Combinator Is Now Getting Over One Application Every Minute

#29
post #15
post #8

Earlier quoted context omitted.

Is that one new application per minute, or does it include updates to previous applications? Very impressive either way.

That's new submissions.

Amazing! Good look fossicking for the gems in there - would love to be watching the ideas come in.

Surprised so many leave their applications that late given that the advice is to get in early.

Re: Y Combinator Is Now Getting Over One Application Every Minute

#30
post #13

Being someone who submitted an application around 11:59pm in a previous season, I wonder what makes people wait until the last minute. In our case it was the big decision of whether we should apply or not (we didn't have a site, didn't really talk it through among ourselves), which pretty much made the resulting rejection a self satisfying prophecy.

Are you ever really done with something like this? There's always something you could improve, given more time. Using all the available time makes sense.
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