this guy wrote the post when most people did not know about the YC program. Give it up to him for knowing about the first funding cycle. I think a few 150 applicants knew about it.Most of people here did not hear about YC or PG until after their first demo day.
The author's opinion was the result of a rejection. If you read thoroughly,you will see that he is not dissing YC or PG. He felt that his idea was better than those funded, and frankly any entrepreneur who truly believes in his idea would think the same. Ask any YC rejects and they would show you at least 5 YC funded who they believe have an idea less creative/profitable than theirs.
That is their mistake. Most investors ideas do not mean as much as the team ability to execute against them, and YC is not different as far as that.
I am certain if you contact the author today, he would laugh and simply say "I thought I knew it all back then"
this guy wrote the post when most people did not know about the YC program. Give it up to him for knowing about the first funding cycle. I think a few 150 applicants knew about it.Most of people here did not hear about YC or PG until after their first demo day.
The author's opinion was the result of a rejection. If you read thoroughly,you will see that he is not dissing YC or PG. He felt that his idea was better than those funded, and frankly any entrepreneur who truly believes in his idea would think the same. Ask any YC rejects and they would show you at least 5 YC funded who they believe have an idea less creative/profitable than theirs.
That is their mistake. Most investors ideas do not mean as much as the team ability to execute against them, and YC is not different as far as that.
I am certain if you contact the author today, he would laugh and simply say "I thought I knew it all back then"