So on average YC companies have raised some 10 m, but what is the median? Similarly to total valuation, this number is probably heavily skewed by a few whales.
YC Summer 2017 Stats
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Re: YC Summer 2017 Stats
#62I can bet, if YC had the stats for race/ethnicity amount who applied, we would be shocked of the amount of blacks or Latinos who were never accepted. Especially from the early days. Count me and a few other Hispanics who never have been accepted. The only time its cared about is after the fact and just for show purposes like this. On a side Note: Yc doesn't understand people like me will never have the resume they ar…
>On a side Note: Yc doesn't understand people like me will never have the resume they are looking for, but have the talent and drive. I could game the application process to get accepted. Because we know what you accept and its not just a race issue.
I would venture to guess that YC understands more than you think. How could you game the application process to get accepted and what purpose would it serve? Sure you could misrepresent who are the founders in the video but don't you think they would not at the interview, assuming you would be offered an interview?
Re: YC Summer 2017 Stats
#63Interesting stats. I don't get this section though: UNDERREPRESENTED FOUNDERS S17 Female founders: 35 (12% of all S17 founders) S17 Applicants who were female: 14% S17 Companies with a female founder: 27 (21% of the batch) S17 Applications with a female founder: 22% S17 Black founders: 14 (4.76% of S17 founders) S17 Companies with a Black/Af-Am founder: 8 (6.25% of the batch) S17 Hispanic/Latinx founders: 13 (4.42% o…
* We ask for gender on our applications, but we haven't asked for race/ethnicity, which is why we don't have the answer to your first question. * We see that it does for female founders. * Total number of submissions * Gender is reported in the applications. We asked founders in the batch to self-report for race/ethnicity.
>* We see that it does for female founders.
...for this specific batch. Is parent questioning if this is historically the case or suggesting this is a move by YC at gender diversity? Just curious.
Re: YC Summer 2017 Stats
#64Okay, I might have a bit of a hot head but: Isn't $85bn total market cap a sign of failure? Especially considering that this includes companies that have valuations because they "just raised money on high cap". Given that the valley now has multiple companies with $500bn+ market cap; and in the "still raising money" valuation there are companies with $50-100bn valuation; it seems to me that $85bn is rather very small…
I don't see how $85B is a sign of failure when there are bigger companies out there. Isn't what's important the return on investment? I imagine that (in terms of paper gains) YC has returned a large multiple of their initial investments in companies.
> Isn't what's important the return on investment?
Well, that depends on who you are. If you are a partner in YC, yes, ROI is your metric. If you are a founder, no, the long-term median value of all YC companies is a far more meaningful metric than YC's ROI. In particular, how much of that value comes back to the founders vs. the investors.
Re: YC Summer 2017 Stats
#65I can bet, if YC had the stats for race/ethnicity amount who applied, we would be shocked of the amount of blacks or Latinos who were never accepted. Especially from the early days. Count me and a few other Hispanics who never have been accepted. The only time its cared about is after the fact and just for show purposes like this. On a side Note: Yc doesn't understand people like me will never have the resume they ar…
If you truly believe this than I am sorry. If you are interested - feel free to email me: michael@ycombinator.com
Re: YC Summer 2017 Stats
#66>> Avg age of S17 founders: 29.5 So much for a stereotype of prodigy college dropout.
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Re: YC Summer 2017 Stats
#67I can bet, if YC had the stats for race/ethnicity amount who applied, we would be shocked of the amount of blacks or Latinos who were never accepted. Especially from the early days. Count me and a few other Hispanics who never have been accepted. The only time its cared about is after the fact and just for show purposes like this. On a side Note: Yc doesn't understand people like me will never have the resume they ar…
Are you suggesting that YC rejects applicants because they are black or hispanic? Why would they do that? You seem to also say that they want to brag about accepting these ethnicities, so why then they discriminate _against_ them?
It's not that they reject them for being black or Hispanic, but look at the numbers, not just recent classes.
It's a hot topic for companies to do the right thing now, its then they start to care.
I don't think its done on purpose or with a hatred, but its an issue, look around.
Re: YC Summer 2017 Stats
#68I can bet, if YC had the stats for race/ethnicity amount who applied, we would be shocked of the amount of blacks or Latinos who were never accepted. Especially from the early days. Count me and a few other Hispanics who never have been accepted. The only time its cared about is after the fact and just for show purposes like this. On a side Note: Yc doesn't understand people like me will never have the resume they ar…
>On a side Note: Yc doesn't understand people like me will never have the resume they are looking for, but have the talent and drive. I could game the application process to get accepted. Because we know what you accept and its not just a race issue. I would venture to guess that YC understands more than you think. How could you game the application process to get accepted and what purpose would it serve? Sure you co…
Yes, you could game the application, but yes it wouldn't take you far, maybe an interview to tell them what I did. Which I wouldn't do.
Re: YC Summer 2017 Stats
#69I can bet, if YC had the stats for race/ethnicity amount who applied, we would be shocked of the amount of blacks or Latinos who were never accepted. Especially from the early days. Count me and a few other Hispanics who never have been accepted. The only time its cared about is after the fact and just for show purposes like this. On a side Note: Yc doesn't understand people like me will never have the resume they ar…
If you truly believe this than I am sorry. If you are interested - feel free to email me: michael@ycombinator.com
I'll email you sometime and I appreciate the response.
Just to set my example, how many staff at YC are black or Hispanic in the list below? I find it odd considering the amount of population of these groups in the USA alone. Not many startups cater to this demographic, if they aren't being accepted.
Re: YC Summer 2017 Stats
#70Earlier quoted context omitted.
I don't see how $85B is a sign of failure when there are bigger companies out there. Isn't what's important the return on investment? I imagine that (in terms of paper gains) YC has returned a large multiple of their initial investments in companies.
> Isn't what's important the return on investment? Well, that depends on who you are. If you are a partner in YC, yes, ROI is your metric. If you are a founder, no, the long-term median value of all YC companies is a far more meaningful metric than YC's ROI. In particular, how much of that value comes back to the founders vs. the investors.
Good point, I absolutely agree with you.