Y Combinator's one success story, Reddit, sold before it was making revenue.
Actually, reddit did have revenue when it was sold. I think it was also profitable. To be fair, the revenue was low (my wild guess is about $50-$150k/yr). A big reason why it was so low was because they decided to focus on speed & usability over advertising/profit. They probably could've made much more had they been trying to monetize their traffic.
Valleywag's been rather negative about YC & it's startups recently. Seems like they're trolling for linkbait.
There's a very narrow view that's become popular regarding YC. No one is claiming 100% success rate, or even a guarantee of good value companies. Take the program for what it is -- an invaluable launching pad for entrepreneurs who can make the most of YC's added value.
Actually, reddit did have revenue when it was sold. I think it was also profitable. To be fair, the revenue was low (my wild guess is about $50-$150k/yr). A big reason why it was so low was because they decided to focus on speed & usability over advertising/profit. They probably could've made much more had they been trying to monetize their traffic.
Valleywag's been rather negative about YC & it's startups recently. Seems like they're trolling for linkbait.