I think the underlying issue is a misalignment of interest between YC and startup founders but not exclusive to YC but to all Venture Capitalists: you are nothing but one of YC's many hedged call options where they have a good chance of recouping the investment where as you really cannot time travel or demand YC pay you for the time wasted.
To me YC was a largely branding move. It's fashionable to be able to say "yeah we are YC backed".
Too many people in the industry are so caught up with being a "Startup" that they forget that they are just like any other "Businesses" but with far less control over your own destiny and even far less likely to win much money than working at a large company where you have high probability of becoming a millionaire in the same amount of time you spent on your startup.
People are biased and self select their dumb luck as insight that gives them an edge which obviously does not translate or is repeatable-take a look at the graveyard, techcrunch won't get any views reporting anything but hyped up PR pieces.
I'm not sure I understand your point here. I'm currently working very hard with Adora (my co-group partner) to support the companies in our YC group. Advice, office hours, motivation, community build, and general availability. Are you saying that this work is simply a branding exercise? If so now that the application process if over - why am I not on vacation?
This reply is disingenuous. It is clearly written what he meant:
>To me YC was a largely branding move. It's fashionable to be able to say "yeah we are YC backed".
Reply to the actual comment instead of setting up a strawman. And, you may want to touch on the other point the parent made, namely incentives being misaligned between YC and startups. Indignation isn't doing the brand any good.
To me YC was a largely branding move. It's fashionable to be able to say "yeah we are YC backed".
Too many people in the industry are so caught up with being a "Startup" that they forget that they are just like any other "Businesses" but with far less control over your own destiny and even far less likely to win much money than working at a large company where you have high probability of becoming a millionaire in the same amount of time you spent on your startup.
People are biased and self select their dumb luck as insight that gives them an edge which obviously does not translate or is repeatable-take a look at the graveyard, techcrunch won't get any views reporting anything but hyped up PR pieces.