Y Combinator's Message to Founders • Hacker News Board

Re: Y Combinator's Message to Founders

#261

Post by dredmorbius » Sat, May 21, 2022, 8:17 PM UTC

glennon wrote: post #252

dredmorbius wrote: post #59

https://nitter.kavin.rocks/refsrc/status/1527238287471292417 OCR'd text: 4:11 Greetings YC Founders, During this week we've done office hours with a large number of YC companies. They reached out to ask whether they should change their plans around spending, runway, hiring, and funding rounds based on the current state of public markets. What we've told them is that economic downturns often become huge opportunities…

This is a reasonable YC link for Series A milestones: [3] Series A Milestones: https://www.ycombinator.com/library/1k-benchmarks

Thanks!

Re: Y Combinator's Message to Founders

#262

Post by [deleted] » Thu, May 26, 2022, 11:13 PM UTC

[deleted]

Re: Y Combinator's Message to Founders

#263

Post by domvillela » Thu, May 26, 2022, 11:15 PM UTC

Our VC firm just did a response to this... https://www.linkedin.com/pulse/shot-ventures-responds-econom...

Re: Y Combinator's Message to Founders

#264

Post by allanmacgregor » Wed, Jun 01, 2022, 12:10 PM UTC

mcguire wrote: post #105

foobarian wrote: post #71

Earlier quoted context omitted.

I mean, losing money is a great way to kill your company. What's better: cut 10%, lose money, people leave, cut 10% more, still losing money, more people leaving, cut 10% more, still losing money, more people leaving. Likely at 50% now with no pivot and bad morale. Compare to cut 70% + some people leave, but now you can hopefully do a major pivot and do better?

Could anyone give, say, 3 examples of that happening?

Hopper during the pandemic cut down 70% in multiple layoffs. Later that year they hit $3.5B valuation https://techcrunch.com/2021/08/17/hopper-raises-170m-on-3-5b...