How Y Combinator Is Remaking Silicon Valley in Its Image
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Re: How Y Combinator Is Remaking Silicon Valley in Its Image
#2Villainous photo selection
Re: How Y Combinator Is Remaking Silicon Valley in Its Image
#3>Besides, acquisitions of young companies tend to be better for everyone involved, as compared to later-stage deals, said Geoff Ralston, who recently sold Lala to Apple. Integrations of billion-dollar companies almost never work, he said.
If there was no acquisition of LaLa, we'd all be listening to music for 10 cents a track on our iPhones and Androids. Hopefully they come up with something awesome at Apple.
Re: How Y Combinator Is Remaking Silicon Valley in Its Image
#4Opponents of "Pay & Spray" will have a field day with Ron Conway's quote:
Archangel Ron Conway, who said he’s put money into 500 companies over the last 12 years, kicked off the day with an optimistic and generous recruiting speech: He said he believes every “entrepreneur who has the guts to start a company” should get funding, and added “I believe the more angels we have in Silicon Valley the better.”
Re: How Y Combinator Is Remaking Silicon Valley in Its Image
#5No quotes from Joshua Schachter. Inexcusable. Where is the commentary from the newer, non-reptilian investors?
Re: How Y Combinator Is Remaking Silicon Valley in Its Image
#6pg: “The way of the future is no fixed amount, no fixed closing date, and no lead.”
This concept is unfamiliar to me? What does it mean? What compromises a "rolling" financing deal?
Re: How Y Combinator Is Remaking Silicon Valley in Its Image
#7pg: “The way of the future is no fixed amount, no fixed closing date, and no lead.” This concept is unfamiliar to me? What does it mean? What compromises a "rolling" financing deal?
Which is exactly what I advocated for in "How my startup went IPO and skipped VC funding" http://blog.fairsoftware.net/2010/06/23/how-my-startup-went-...
A rolling deal is when angels keep showing up over time and send you more money, rather than you setting a fixed date saying "on August 1st, I need 10 angels with $100,000 each, or my company is bankrupt".
Re: How Y Combinator Is Remaking Silicon Valley in Its Image
#8"Archangel Ron Conway" - i liked that
Re: How Y Combinator Is Remaking Silicon Valley in Its Image
#9Google is not helping much with this. What are "rolling funding rounds"?
Re: How Y Combinator Is Remaking Silicon Valley in Its Image
#10Silicon valley is a lot larger than just web start-ups. If and when YC launches something that eventually turns in to the next google or something on that scale it will have a real impact, but for now the big winners have not been created using the YC model.
Who knows, maybe one day.