SFP Decisions are out!
ycombinator.com
ycombinator.com
Failure is only a stepping stone toward success. Startup founders, consider yourselves one step closer.
YC or any kind of funding is a very helpful aide but at the end of the day most startups are born out of few guys making something great and THEN seeking outside help.
Can't wait to see the Valley at last!
Congrats and good luck to those accepted.
I look at this rejection not as failure, or as any sort of inferiority, but rather an opportunity to work even harder/efficient/cheaper.
Thank you Y Combinator.
I'm going to work tonight and it's going the be the best code I've ever written.
Who heard back?
I submitted my application on April 6th after I specifically nulled out my entire application before because I didn't want to be in Boston this summer, because I got an e-mail that said "you had started an application but never clicked Submit. Please go in and submit it." When I went via the special link in the e-mail, I saw that half of my application was still there, even though I specifically had previously deleted each field and saved it blank because I didn't want to apply or to share my information. So, I said, what the heck, they contacted me, and it seems my details were recovered from their database even though I deleted the fields, and I could say I was special if I both got in and had applied late on the 6th via a special e-mail link, so that made it interesting; so, I clicked Submit. I'm also a single founder who has a pre-existing corporation, so I guess I struck out on all the important fields that matter. :P Finally, I also knew from some post here that they say "please laugh at us if we were wrong to reject you", so I knew that even if I received such a letter, it would be fun to take them up on the offer. :P
The best part about YC, and one I will always be thankful for, is the chance to attend the Startup School. So, whether you are specifically selected for YC or not, it's good that there are many entrepreneurial peers in Cambridge and Mountain View who you can associate with, thanks to YC. Second, the articles on this site. Third, this news.ycombinator.com web site. Fourth, meeting great people.
The 5K+5K per person is great regardless of whether you are selected or not. I'm rooting for as many teams as possible get selected, versus for any one specific team, because we all benefit from a huge number of peer startups, regardless of who specifically it is. It's very lonely for those who aren't in those startup hotspots, and news.yc does something in additional to PG's articles--allows people to feel like they're part of the scene in YC, whether they are selected for YC or move to one of those areas themselves, without feeling like strangers. But, that money isn't going to make or break a startup, and if you decide not to continue because of it (or you haven't already started your idea), time is ticking.
The one relief I have is not having to think so much about an exit. That was my main concern with taking investment. I really don't have much interest in thinking about exit strategies. We're much more focused on building a profitable private company like 37Signals or SmugMug. That may change someday, but for now that's our sole focus.
Even for those they don't fund, YCombinator puts out a TON of value for early startups: Paul's essays, Jessica's book, Startup News, Startup School, etc. That generates huge good-will for them and is a great example for other seed-funders and VC's to follow.
Thanks YC and thanks to all the contributors here ;)
http://www.bvp.com/port/anti.asp
We're all lucky to even have the opportunity to work on our startups, in a country that actually rewards people for working hard.
As Steve Jobs said..."Stay hungry. Stay foolish." Have fun!
My partner and I are off to Silicon Valley anyway for jobs, however the Y-Combinator process has made us hungrier then ever to ultimately do something on our own.
I'm going to make sure Google doesn't remain a "blackhole" as PG described it :)
I have a lot of experience, but not a complete degree. I live in Texas currently, so I have no real "ins" out in Silicon Valley.
I want to get into either a startup or a job less time-consuming than my current one. The first gives me startup experiences, while the latter gives me time to work on my own projects.
Any tips would be GREATLY appreciated.
And when it comes time to negotiate salary or rate remember that they need to be paying you quite a lot more than you were making in Texas.
Congrats to the winners! And to those who weren't accepted (like me) - go kick butt anyway.
Now I have a decision to make between trying to bootstrap my startup in my spare time, or accepting a job offer from another startup.