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Startup School 2018 – Curriculum

blog.ycombinator.com

61–67 of 67 posts

Re: Startup School 2018 – Curriculum

#61
post #57
post #52

Earlier quoted context omitted.

We're bootstrapped, and we did it last year. I wrote about our experience: https://canny.io/blog/what-youll-get-out-of-y-combinators-st... I would guess that this is YC's version of freemium. They're giving away a slimmed down version of their product for free, to drive brand awareness / resonance, and attract more qualified leads to their paid (7%) program. You might not be interested in YC proper, but there's still…

It is amazing how successful YC has been. Is there another well known accelerator that has close to YC’s total valuation of startups? Also it baffles me that YC has close to 1000 startups that have gone through them but only one “Dropbox” has IPO’d. I get the feeling that YC’s best days are ahead when things they invested in a decade ago will pay off huge returns.

> I get the feeling that YC’s best days are ahead when things they invested in a decade ago will pay off huge returns.

Yes. It takes a good 10 years to build / IPO a company. Also they've funded a bunch of companies outside the US / Europe region where IPO markets are not as friendly.

Re: Startup School 2018 – Curriculum

#62

When you're in YC they tell you that a huge part of being a successful founder is "managing your psychology." I wish they would elevate that to a first-class concept in their startup education.

Interesting. I tell people believing in their abilities made the difference. Having money helps(well paid 9-5), but knowing that with enough googling and never giving up mentality, you can solve real problems. Sometimes I am shocked at how little is needed to solve problems that the entire world is currently dealing with, but my fully capable friends dont even try.

Can you give examples? Would love to tackle some big problems with small resources with my team in the long term.

Re: Startup School 2018 – Curriculum

#63

What is in it for YC to give away a million dollars for nothing in return?

Being the place for startups is potentially worth billions. This branding is important to get mindshare and to attract talented teams and startups. A million is nothing compared to this.

Re: Startup School 2018 – Curriculum

#64

Earlier quoted context omitted.

My impression was that he had semi-retired to spend time with his family (and good for him! he certainly deserves it after founding YC) That being said, I've certainly missed pg essays as of late...

Though I can't be sure, I think a big reason for his retirement had to do with the Two Minutes Hate he was subjected to at the hands of the Internet Outrage Machine. PG has always had a knack for being misunderstood, and I think disappearing from the spotlight was his way of making sure that problem didn't hurt YC. Unfortunately for you and me, that means no more great essays. It's kind of funny because, in retrospec…

> It's kind of funny because, in retrospect, "What You Can't Say" almost prophesied how this all went down; his only mistake was not seeing the storm coming.

Thanks for mentioning. I hadn't come across that essay. A great read.

Re: Startup School 2018 – Curriculum

#65
post #51

I'm really curious how YC will choose which companies get $10k. They don't mention this anywhere. I'd guess it's probably a combination of which teams are most promising and need the money the most.

They touch on this in the latest podcast. The $10k grants are an experiment to try and increase the completion rate of the program. They assign you with advisors who track your progress.

https://blog.ycombinator.com/geoff-ralston-and-adora-cheung-...

Re: Startup School 2018 – Curriculum

#66
post #57
post #52

Earlier quoted context omitted.

We're bootstrapped, and we did it last year. I wrote about our experience: https://canny.io/blog/what-youll-get-out-of-y-combinators-st... I would guess that this is YC's version of freemium. They're giving away a slimmed down version of their product for free, to drive brand awareness / resonance, and attract more qualified leads to their paid (7%) program. You might not be interested in YC proper, but there's still…

It is amazing how successful YC has been. Is there another well known accelerator that has close to YC’s total valuation of startups? Also it baffles me that YC has close to 1000 startups that have gone through them but only one “Dropbox” has IPO’d. I get the feeling that YC’s best days are ahead when things they invested in a decade ago will pay off huge returns.

Are there any benchmarks to how successful a yc company is over another company?

Extremely hard to say when most information is non public. Past performance does not guarantee future results, especially in high interest rate environment.( Low interest environment, everything changes)

Re: Startup School 2018 – Curriculum

#67

Earlier quoted context omitted.

Interesting. I tell people believing in their abilities made the difference. Having money helps(well paid 9-5), but knowing that with enough googling and never giving up mentality, you can solve real problems. Sometimes I am shocked at how little is needed to solve problems that the entire world is currently dealing with, but my fully capable friends dont even try.

Can you give examples? Would love to tackle some big problems with small resources with my team in the long term.

Pretty much any home automation.

Moving stuff from downstairs to upstairs, laundry, hair stuff.

You might not be able to custom for every home, but you can make modular components.

EDIT: Motors and pullys are cheap, but you need to understand that + embedded systems. All an engineer+programmer is capable of.

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