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Y Combinator Traded Prestige for Growth

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201–210 of 272 posts

Re: Y Combinator Traded Prestige for Growth

#201

Full disclosure, I'm a YC alum whose last start-up was acquired by Google, who applied to this batch and didn't get an interview. YC is not the stamp of quality it once was, to be sure, though it still works as social proof, because investors (especially VCs) want to invest in companies other investors like (or failing that, companies they imagine other investors would like). YC would say that they aren't trying to b…

> … yield a big company … I assume that this sort of says it all. Everyone wants “big.” The article talks about brand curation, really. That seems to be a lost art, these days. I worked for a corporation that had one of the most powerful brands in the world (but has taken some real hits). I watched them dilute that brand, and make lots of money, but really get clobbered. They are now regrouping, and, I hope, re-estab…

> That seems to be a lost art, these days. [...] I watched them dilute that brand, and make lots of money, but really get clobbered.

Maybe this is the normal lifecycle of a successful organization, unless one decides to grow more slowly? Infinite growth is what ruins most things. Scaling is hard.

YC seemed to attract genuine founders, back when starting something up was not so trendy. As it became fashionable, and YC began to be seen as the Harvard of startups, it has still attracted some great founders but also some less genuine ones. All successful organizations experience this issue.

A key element here is that neither PG nor Jessica Livingston seem to be actively filtering out people. I doubt anyone from batches curated by them would have posted on Twitter bragging about quitting a $270k job to work on a re-licensed fork.

It was sad to read about this whole affair and, frankly, I think discussion on HN has become less interesting, reflecting a similar trend. Front pages were full of technical discussion back in the late 2000s and early 2010s. Content of that kind is less frequent these days.

Re: Y Combinator Traded Prestige for Growth

#202
> they got funded by YC with nothing more than a codebase copied from another YC-backed company. This shows that (1) YC is willing to fund just about anything,

I don't see it that way. This is NOT the first time YC has funded startups that are in direct competition. It seems to me that having multiple companies with the same product makes your net larger for customer acquisition, and the startups can always merge later.

Re: Y Combinator Traded Prestige for Growth

#204

Full disclosure, I'm a YC alum whose last start-up was acquired by Google, who applied to this batch and didn't get an interview. YC is not the stamp of quality it once was, to be sure, though it still works as social proof, because investors (especially VCs) want to invest in companies other investors like (or failing that, companies they imagine other investors would like). YC would say that they aren't trying to b…

When we got accepted into S23, our call started with Seibel saying something along the lines of "We like you, but we're pretty sure you're going to have to pivot." A non-trivial amount of my batch mates also joined with minimal product strategy, so I don't think you can read too much into the rejections.

I don't have anything to add re: YC over the years, just that my anecdotal experience differs.

Re: Y Combinator Traded Prestige for Growth

#205

Earlier quoted context omitted.

I feel like that "270K job" comment was some sort of cultural signal to Zoomer devs on the FAANG leetcode job grind. I'm in my 40s so it just seems both tacky and unimpressive but maybe for folks half my age it's a meaningful signal towards competency?

270k is on the low end and would indicate incompetency if anything if you're older than mid-20s, esp since it's not like he's taking a pay cut to work in a cool or interesting field (coinbase lmao)

Assuming that this isn't sarcasm, this is what happens when you permit social media to distort your sense of reality.

Re: Y Combinator Traded Prestige for Growth

#206
post #180

Earlier quoted context omitted.

He won't be starting such a fund for awhile, because the two of us are building company to make technology to foster a creative and curious childhood. We would be a good fit for any investors trying to do (3) though :) https://cartwheelcomputer.com/ amal@cartwheelcomputer.com

This feels like a side tangent, but why have you focused on technology for creative and curious childhood? I'm curious if you have considered the following: I.e. Maria Montessori (founder of the Montessori methodology of teaching) did a pretty good job showing that's the natural state of kids, and there's quite a bit in her teachings about the importance of physical things, being outdoors, etc. There's some pretty st…

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Re: Y Combinator Traded Prestige for Growth

#207
post #180

Earlier quoted context omitted.

This hits pretty dead center from what I've seen. You really hit home for at #3, that's the type of companies I want to see. If you start such a fund, I'd really enjoy working on that project.

He won't be starting such a fund for awhile, because the two of us are building company to make technology to foster a creative and curious childhood. We would be a good fit for any investors trying to do (3) though :) https://cartwheelcomputer.com/ amal@cartwheelcomputer.com

Hey, it's the author of the tweet quoted by the article!

Re: Y Combinator Traded Prestige for Growth

#208
post #180

Earlier quoted context omitted.

He won't be starting such a fund for awhile, because the two of us are building company to make technology to foster a creative and curious childhood. We would be a good fit for any investors trying to do (3) though :) https://cartwheelcomputer.com/ amal@cartwheelcomputer.com

Hey, it's the author of the tweet quoted by the article!

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Re: Y Combinator Traded Prestige for Growth

#209

Earlier quoted context omitted.

270k is on the low end and would indicate incompetency if anything if you're older than mid-20s, esp since it's not like he's taking a pay cut to work in a cool or interesting field (coinbase lmao)

270k is on the low end?

Depends on the equity

Re: Y Combinator Traded Prestige for Growth

#210

Earlier quoted context omitted.

> I don’t see how any of the evidence martialed in this article proves the conclusion. Agreed. Making this level clam requires a lot more evidence. It would have been better if the author presented this idea as something like 'YC better watch out, quality does matter' or something like that. Even then they would need to bring in more evidence and outside examples of industries where this trend took hold.

https://news.ycombinator.com/item?id=41697929 Only punishment and court judgement requires that level of evidence. Corruption often never gets exposed at all and at best is only revealed through weaker anecdotal evidence or even rumors. A blurry picture is often better than no picture at all. Form your own opinion about my link above. If it’s actually true, then that post I made is likely the only thing you’ll ever r…

The solution to a low volume of information isn't to place extra emphasis on weak data.

A blurry picture is better than none, but this behavior seems like taking a blurry picture, creatively extrapolating it to crystal clarity, and then fervently claiming it is reality.

Confidence and conviction in an arbitrary belief can help an idea compete in an information poor environment, but that doesnt mean it isn't delusional.

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