51–59 of 59 posts
Everything listed there makes me more pessimistic about my own chances. Only 30% of founders are from outside the US, only 14% aren't incorporated, 50% had no revenue, only 8.5% are solo founders, 54.7% were recommended by YC alumni... So basically the odds of being accepted if you fit into ALL those buckets are probably very very slim. I don't see how fitting into all those buckets make your company unworthy of inve…
> Misconception: If I applied YC and got rejected, there’s no point in applying again. > S16: 45% were rejected at least once before. Of those previously rejected, the average number of rejections before being accepted was 2. What's the most rejections for someone that was accepted and most rejections for someone that was not?
That's actually a pretty neat stat. Most rejections for someone that was accepted in S16 was 7.
Earlier quoted context omitted.
>>Or put in another way: Should you network with YC alumni in case you ever want to apply? Absolutely, yes. It doesn't mean that you will certainly get in, but having a professional relationship with one or more influential YC alumni will be very helpful. Like almost anywhere else in life, networking is an essential business skill to have and use.
not good
> S16: 54.7% did not have a recommendation. This begs the question: How much weight does a recommendation carry? Or put in another way: Should you network with YC alumni in case you ever want to apply?
How does alumni make a recommendation? If I know a few and reach out, what would I ask them to do?
One more question: do you accept services oriented companies? I am confused by the typical YC mantra about scale and by this response: https://news.ycombinator.com/item?id=12275696 . Services companies like consulting are difficult to scale but they can be interesting.
Everything listed there makes me more pessimistic about my own chances. Only 30% of founders are from outside the US, only 14% aren't incorporated, 50% had no revenue, only 8.5% are solo founders, 54.7% were recommended by YC alumni... So basically the odds of being accepted if you fit into ALL those buckets are probably very very slim. I don't see how fitting into all those buckets make your company unworthy of inve…
-US based
-Incorporated
-Recommended
-with Revenue
- 2 Founders
has only a .71x.85.8x50x46.3x61.3 ~ 8% chance of getting in.
Even though YC may be a good fit for me, I won't apply to YC because I can't afford (or don't want to) to uproot my life to go to SF or NYC for the duration. I expect this has a lot over overlap with the average age of applicant (or accepted participants.)
YC will invest in your company, and part of that money you should be able to use to reasonably live in the area.