More of a meta discussion, but it's interesting that pretty much all HN threads on PG's recent essays have a strong, negative sentiment. My guess is that this is explained by 3 factors: 1) The quantity and quality of new ideas in PG's essays is declining. 2) Readers' expectations of quality in PG's essays is increasing. 3) The pool of disenfranchised readers is growing. The quantity and quality of new ideas is decrea…
What I’ve learned from users
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Re: What I’ve learned from users
#62This is also true of undergrads, who often come in to office hours thinking they have one problem, but they in fact have another, or several others. I suspect that mentorship is useful: https://jseliger.wordpress.com/2010/10/02/how-to-get-your-pr... because good mentors often see the non-apparent problems.
Re: What I’ve learned from users
#63This essay is getting a surprising amount of hate, and I must confess that my first impression on reading it was that it sounded an awful lot like a Robert Kiyosaki book [1]. But then I followed the two links in the essay [2] [3] and that put it into perspective: the thing that Paul learned from his users is that they are looking for The Answer, the formula, the procedure for how to succeed, and there is no such form…
Rather, this is an essay about what was surprising to him about startups in YC. And I think it's fair to say that these were all surprising, and I wouldn't have inferred them if someone told me about YC as an idea back in 2005.
Or put in another way, if someone came to you and told you about the idea for creating YC back in 2005, when the only model of investing in startups was how large institutional VCs and angels invested in startups, would you have been able to tell them the following insights about how it would work and what the value add of the advice is? Remember, when YC started, lots of people thought 7% for $15k (I know they give more now) was a joke.
- Most startup problems are the same, but in different forms. It makes advising tractable for a single person to do.
- Advising a lot of startups in batches has the advantage of learning about all these problems faster.
- And yet, startup advising has to stay individualized (presumably to keep things concrete), so in order to scale, they had to shard. Limit was somewhere between 60 and 80 per individual advisor.
- Identifying problems and ranking their severity are two different skills. You'd think they're the same, but they're not. As an advisor, if you can help startups do only these two things, it'd go a long way. Lots of advisors try to help with other things, but these are the two most important, because if a startup died, all other problems are moot.
- Despite this, founders don't listen to advice about how not to die. And they don't listen because the advice is counterintuitive. It's like how there are more skiing instructors than running instructors. Skiing is more counterintuitive.
- A big headwinds to advising startups on how not to die is that due to the educational system, founders have all learned how to hack the system. The skills that got them to where they are stops working when trying to build a company.
- Beyond helping startups not die, advisors likely know less about the product/strategy in any domain, but they can increase focus, which increases speed of iteration, which indirectly helps startups with their product/strategy through iterative greedy algorithm.
- A follow-on value-add of YC is the alumni network. Like clusters of painters in Paris during the impressionist period or musicians in Vienna, and Xerox Parc, lots of great work is done when great people do it in clusters along side each other. At the time, people thought the price of independence of is loneliness, but turns out it's not true.Re: What I’ve learned from users
#64Paul, if you're reading, this the color on your footnotes is very light on my screen and they're very easy to miss.
I could be wrong but I got the feeling that was by design. They are meant as supplements and not to distract or detract from the core message.
Re: What I’ve learned from users
#65> We learned that the hard way, in the notorious "batch that broke YC" in the summer of 2012. Up till that point we treated the partners as a pool. When a startup requested office hours, they got the next available slot posted by any partner. That meant every partner had to know every startup. This worked fine up to 60 startups, but when the batch grew to 80, everything broke. The founders probably didn't realize any…
Re: What I’ve learned from users
#66Re: What I’ve learned from users
#67I adore pg’s essay. But this time something is tripping my spider sense, so I had to take a closer look (at my spider sense, and a bit on the essay too). This is the first time an essay feels like a sale pitch. Specifically, a sale pitch for YC. I’ve read pg’s essay about YC for about 15 years, and this is the first one I have that feeling. This one is a bit too abstract. I’m getting the idea that YC can help founder…
Agree, this sounded like a Tony Robbins style pitch where you don't get to hear any of the magic until you've paid for the seminar.
Re: What I’ve learned from users
#68This essay is getting a surprising amount of hate, and I must confess that my first impression on reading it was that it sounded an awful lot like a Robert Kiyosaki book [1]. But then I followed the two links in the essay [2] [3] and that put it into perspective: the thing that Paul learned from his users is that they are looking for The Answer, the formula, the procedure for how to succeed, and there is no such form…
I agree, I also think this is the message that YC sells to founders. You are giving up a lot of equity for access/membership to an organization that will make you successful (Im clearly summarizing a bit). It's a bit of a MLM scheme (not that they are ripping you off) but if you get into the club the other members will help you be successful and, then it will repeat every batch constantly filling the pool with new members and the network continues to grow. And it works for the most part, so do MLMs for the most part. Most companies in the US, if successful are around for about 20 years, extremely successful maybe 40, the few rare last longer. YC is getting to the 20 year mark and maybe some of the rough edges are starting to show, cracks in the foundation as the original people that powered the machine start to move on.
Re: What I’ve learned from users
#69More of a meta discussion, but it's interesting that pretty much all HN threads on PG's recent essays have a strong, negative sentiment. My guess is that this is explained by 3 factors: 1) The quantity and quality of new ideas in PG's essays is declining. 2) Readers' expectations of quality in PG's essays is increasing. 3) The pool of disenfranchised readers is growing. The quantity and quality of new ideas is decrea…
Re: What I’ve learned from users
#70More of a meta discussion, but it's interesting that pretty much all HN threads on PG's recent essays have a strong, negative sentiment. My guess is that this is explained by 3 factors: 1) The quantity and quality of new ideas in PG's essays is declining. 2) Readers' expectations of quality in PG's essays is increasing. 3) The pool of disenfranchised readers is growing. The quantity and quality of new ideas is decrea…
Or the IT industry is just full of participation trophies and the new grey beards just cbf participating in a toxic community that can't handle a single opinion outside their own narrative.