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So you didn’t get a YC invite, what next?

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Re: So you didn’t get a YC invite, what next?

#31

Earlier quoted context omitted.

Disagree! The entire process is rigged against solo-founders and you CANNOT deny that fact. Even your own last sentence in the end contradicts you. > why don't you get a cofounder. Dude what about this: I don't want to marry. I do not want to own a house. I do not want a co-founder.

The reason single co-founder companies are less likely to be accepted is that, once you start to get to a certain scale, there's just FAR too much work for one person to do. We're already experiencing this. There are two of us and we need an extra 24 hours in the day to get everything done. Get a co-founder if at all possible, it'll save your sanity.

It might - and it might not. Can go both ways.

If you have a natural co-founder, someone who developed an idea with you, and you trust deeply, great. (If it's a close friend, you might be losing that friend eventually, though, but I think I'd prefer someone in friend territory).

If you are going to be doing sales/fund-raising versus having the money come to you, it can be very hard to do all of that. But I don't believe in the idea that it can't be done either - especially if it's a website where somebody can sign up and pay, and you don't need sales - and ideally can avoid fundraising.

Anyway, if you don't immediately have a perfect idea for who a "co-founder" should be, consider whether you want one. I think it's a phrase that gets thrown around a lot, perhaps a bit too lightly. I wish they were really just called "founders" really - and if you had an idea, the person you brought on later is "help", not the founder. Consider granting significantly less equity and keeping your control.

If not, realize that this relationship is a lot like marriage, and you're much less likely to be in love with this person, and probably will see them more. A co-founder is not something to be simply go out and "got".

You will probably need lots of help, but "co-founder" just isn't something to be given away casually. Hire the help you need, sure.

Re: So you didn’t get a YC invite, what next?

#32

Earlier quoted context omitted.

Disagree! The entire process is rigged against solo-founders and you CANNOT deny that fact. Even your own last sentence in the end contradicts you. > why don't you get a cofounder. Dude what about this: I don't want to marry. I do not want to own a house. I do not want a co-founder.

The reason single co-founder companies are less likely to be accepted is that, once you start to get to a certain scale, there's just FAR too much work for one person to do. We're already experiencing this. There are two of us and we need an extra 24 hours in the day to get everything done. Get a co-founder if at all possible, it'll save your sanity.

Second this.

I'm a single founder of a medical devices startup looking for a co-founder. It is very hard as a single founder to keep all the plates spinning, not impossible, just hard. There is enough risk in what we are doing, so finding a co-founder is, in my opinion, a sensible way to reduce risk.

However, for me, its also the ability to talk things through, bounce things off each other and, in the tough times, keep each other going. I'm sure others will agree that it can be incredibly lonely and isolating at times running a startup. From personal experience, there are some pretty low moments and times when you have no idea what the right path to take is. Having another person there, who is equally committed to building an amazing company, is a major plus and thats why I'm putting a lot of time into doing that right now.

The flip side though is having the wrong co-founder. Again, I have experienced this and its debilitating and led to the end of friendships.

PS: As mentioned, looking for a co-founder with skills in machine learning, AI and bio-informatics ;) Contact details on profile.

Re: So you didn’t get a YC invite, what next?

#33
Most successful tech companies in the world have atleast 2 co-founders,Look even at the company in the World that most founders draw inspiration from(Facebook)..It had technically 5 Co-Founders..A start up is too much work for a single founder,you need to Find people who complement

Re: So you didn’t get a YC invite, what next?

#34

We were rejected 3.5 years ago after interview stage. We built, we launched, we hustled and we grew. 12 months ago we launched a nationwide TV campaign. OpenRent[1] is now the largest letting agent in the UK (bigger than Foxtons for example), established, and well on the way to fully disrupting one of the oldest industries in the world. YC rejection was tough, but we believed in the idea and whilst I'm sure YC could…

FYI, I'm getting an infinite loader signing in with Gmail (Safari/OSX), error console has some info:

TypeError: null is not an object (evaluating 'a[qa]')

In a script called OriginalFromGoogle, line 2378, shows as:

ca(a[qa], Jc), i.setTimeout(function () {

in the writeMesssageToPopup_ function.

Re: So you didn’t get a YC invite, what next?

#35
Have not noticed this one so started my own:(, but i'll comment here too:)

So you got rejected? Good!

1. Now you know you KNOW you're on your own! 2. Next time you apply you will know that accelarator is not THE CHANCE to get to where you wonna be. Its just a SHORTCUT that you can take, or NOT.

Lately I have that feeling that people tend to approach accelerators like they approach Santa: "Dear Santa, I have been a flibustier all my life, and I have a bright idea, and I am really really smart. So please help me get my dreams come true..." Does not work.

If you THINK your idea is something that has to be done. Just go for it. Make it your mission and do whatever it takes to accomplish it. Once I met those guys from UK in Siberia riding their bikes. I asked em WTF? Well, they told me, they are on a mission to go around the globe on bikes.. Why? They had no clue, I had no idea, but they have done it. (find em "tough miles") Thats what a start up is, it may be even tougher.

(thats actually SCARY. Coz you will NOT have support from your friends, family, spouse and any reasonable person.)

IF you do it anyway, sometime you'll KNOW it works (coz you have clients and revenue and the growth). then YOU decide if you want to take the SHORTCUT or not.

Hope that helps. Listen to Iron Maiden - The Trooper There is always a chance.

Sincerely, Mike

PS: I will just go on painting Cathedrals to get the funding. Incorporte in HK. And launch my app for the HardHeads in July 2015:)

Re: So you didn’t get a YC invite, what next?

#36
post #17

Earlier quoted context omitted.

You're not required to have a co-founder. No need to be angry about this, but be objective: two or three smart people can accomplish more than one smart person. You can work hard and maybe bootstrap your way to an MVP of a product, but sooner or later the amount of work in the startup will become too much. When it does, you are going to need to build a team around you to handle the load. The fact that you are so adam…

> The fact that you are so adamant about not wanting a co-founder is detrimental in that it signals that you are missing the point about how a company is mostly about building a good team that can execute I disagree. Having a team of employees is quite different from giving up 50% of your equity. Its been said by YC partners themselves that co-founder disputes are a major reason why startups fail. A co-founder just m…

Simply put: being able to build the product is less than half of building a business.

If you can make the product, market it, keep your customers happy, continue to improve it as competitors spring up, build partnerships, and take care of the day-to-day of running a business, all on your own, then great.

You could probably also make a fortune selling the device that's giving you an extra 100 hours in a week.

Re: So you didn’t get a YC invite, what next?

#37

We were rejected 3.5 years ago after interview stage. We built, we launched, we hustled and we grew. 12 months ago we launched a nationwide TV campaign. OpenRent[1] is now the largest letting agent in the UK (bigger than Foxtons for example), established, and well on the way to fully disrupting one of the oldest industries in the world. YC rejection was tough, but we believed in the idea and whilst I'm sure YC could…

FYI, I'm getting an infinite loader signing in with Gmail (Safari/OSX), error console has some info: TypeError: null is not an object (evaluating 'a[qa]') In a script called OriginalFromGoogle, line 2378, shows as: ca(a[qa], Jc), i.setTimeout(function () { in the writeMesssageToPopup_ function.

Thanks for reporting - must have been a change in the last few hours. Will see what I can do to get that rectified ASAP!

Re: So you didn’t get a YC invite, what next?

#38

I never even thought to apply. Why? The San Francisco requirement was against my ideals that tech exists everywhere, and that's not how I wanted to build a company. More so, the stake they required relative to funding was pretty huge. I would now, to a degree, put YCombinator kind of in the same vein as Shark Tank in outside perceptions - allegedly that show takes 3% of your company whether you get a deal or not. Cle…

> Why? The San Francisco requirement was against my ideals that tech exists everywhere, and that's not how I wanted to build a company.

So you have to be in the Bay Area for 3 months. After that you are welcome to be anywhere. If being in the Bay for the 3 months is not feasible, then just say so, or find something near you instead.

> More so, the stake they required relative to funding was pretty huge.

This is entirely dependent on what you currently have and what you hope to get out of YC. If you're just starting out, that 10% stake is worth approximately $0, so it's a good deal. If you're doing $5mm in EBITDA a year, then it's not. But to say that it's "pretty huge" without any context is shortsighted.

Re: So you didn’t get a YC invite, what next?

#39
Disclaimer: I applied S15 and they declined to invite me.

How do you know what you were rejected for? It doesn't matter. Either you were rejected because the assessment was it will not work, or you were rejected for a content free reason: 300 others were stellar, you weren't in the 300.

You don't want to know because you want to run the experiment. Any assessment pre-run is fortune telling, which adds zero content. Run the experiment, because the results, +ve or -ve, are valuable.

You don't need YC's or anyone's "approval" to become an oustanding success, or to believe in your idea.

The unfortunate truth I realized today is this: I believed "YC is the best." If they sometimes fail to select the best, that means they actually can't be.

If you believe in yourself, and your idea, as I do, then when someone says, "you and your idea are not as good as theirs", you choose to have a lower opinion of their judgement. And because you have a lower opinion of their judgement the image of YC becomes less than it was, which is unfortunate.

So getting a rejection is unfortunate, because it's a compelling idea that there's really a place that "gets" all the great ideas, and where all the quality founders can mingle.

The thing I realized is this is a fantasy. As good as YC is, if they decline your proposal and you and your idea work, it's not what you're looking for. That's tough, because it's nice and comfortable to think there's a "destination", beside your business, where you can go and meta-discuss all the things about your business around people who embody the traits you respect, and who are creating the successes you admire.

Maybe my idea and me really don't work, and I'm just blind to the ways in which they don't because I don't have the perspective YC has. That's a possibility. I don't believe that's likely, and I choose to believe in myself and my idea.

Even so, feeling like an outsider to this "magical world" of YC is tough. Especially when you spend 40 days through the application period mentally aligning yourself, and convincing yourself that this is really somewhere you and your idea belong. The adjustment period when they say, "no it isn't" takes some getting used to.

But more shocking than this personal readjustment is realizing that actually, no, there is no special place out there that is made just for me and my startup. That's tough, because it's nice to think there is that. Tho for every person for whom that is now a reality, 98 others it's not -- and that's a lot of pain.

My conclusion is really that YC is not that important. It can't be, because there's still so much talent outside it. It's just an image of importance that emerges when any concentration of talent occurs. It's nice to think there's a "leader" there's someone to "guide you", and yet in reality, it works to guide yourself. As people making things, we're the ones who are creating something new that didn't exist before.

That's pretty much the definition of there not being a "destination" or a "point man" for us. We're out the front, ourselves.

To all my other people now 7% (and in numerous other ways) richer, onward!

To everyone who's getting in, I feel a little sorry for you -- because they can't be as good as we imagined because there's so much talent still left on the track.

For my part, I'm happy to be in the bigger, wider world, than in a narrower one. As I read my mail this morning, a strange sense of relief washed over me. Now I can do this thing my way, at my own pace, and not worry about tracking it through a 3-month hot house, which I'm sure feels like a great opportunity, and it is, tho as for that, I'm happy on the road I'm on.

This came to mind:

two roads diverged in a yellow wood

and sorry I could not travel them both

and be one traveller long I stood

and looked down one as far as I could

to where it bent in the undergrowth

.

Then took the other, as just as fair,

And having perhaps the better claim,

Because it was grassy and wanted wear;

Though as for that the passing there

Had worn them really about the same,

.

And both that morning equally lay

In leaves no step had trodden black.

Oh, I kept the first for another day!

Yet knowing how way leads on to way,

I doubted if I should ever come back.

.

I shall be telling this with a sigh

Somewhere ages and ages hence:

Two roads diverged in a wood, and I—

I took the one less traveled by,

And that has made all the difference.

.

Robert Frost -- not of YC ;)

Re: So you didn’t get a YC invite, what next?

#40

We were rejected 3.5 years ago after interview stage. We built, we launched, we hustled and we grew. 12 months ago we launched a nationwide TV campaign. OpenRent[1] is now the largest letting agent in the UK (bigger than Foxtons for example), established, and well on the way to fully disrupting one of the oldest industries in the world. YC rejection was tough, but we believed in the idea and whilst I'm sure YC could…

Thanks for the encouragement and sharing your story!
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