Comment by saycheese | Hacker News Reader

Comment by saycheese | Hacker News Reader

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Thanks for asking, it's a few things, most of which are most likely a bias on my part.

(1) YC has a bias against solo founders; research shows this is not a signal of future success and to me it feels like I'm giving up 17-53.5% of a venture just to get in; YC gets 7% of any venture it funds and YC requires a cofounder have at least 10% equity, but suggest going 50/50.

(2) I personally don't agree with YC doing R&D and feel like this is YC admitting the yield it's getting from backing startups is under performing it doing its own thing, which to me is not a good signal.

(3) Majority of YC's billion dollar startups have all gone through a single VC; why not just deal with them directly?

(4) YC should focus on enabling mentors to expand it's deal flow.

(5) YC should have campus within 60-miles of the Bay Area with free housing, food, super-speed internet, etc. so startups don't have to spend the funds on commodities like this and are able to focus on growing. Free healthcare for a year for founders would be impressive too.

(7) I'm opinionated, largely do startups to learn, not be the next billionaire; personally, done more startups than 99% of founders, do it full-time, and have spent 15-mins plus mentoring 1000s of founders.

(8) YC should set the precedent for making the Bay Area not be the center of the universe for startups.

(9) I miss PG.

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(Above are just a few of the reasons.)

Surely with those numbers, YC doesn't give you anything and never would? You have all the experience. You've mentored so many founders that surely at least a couple can set up access to VCs. Why even bother applying in the first place?

While if someone asked, I would likely disclose my startup experience, generally speaking I leave it off standard requests for information like YC's app; more interested in being judge on the matter at hand than my past.

My guess is that my pitches might be too off the wall or they have a bias against anonymous users. Or more likely, my pitch is not a good fit for YC. Who knows, as anyone that applies knows, they do not say why they decline to interview a given founder or fund them, and no one really should expect a reason for why either, that simply is unreasonable.

As for why I would apply, I am positive that I would get more value out of it than what they are taking, that I would provide a return on their investment, I love doing startups, and enjoy being around talented founders. Most of all, given I would be taking on funding, it would force me to change the way I normally fund & run startups; that being I normal do not have the objective of selling the startup or being a multi billion dollar company.

As for VCs, while I do not have anything against them and believe they provide value based on a well defined situation, I prefer to focus on doing startups, not building businesses; meaning all of my startups make money while I am working on them, when I am done, I move on to the next startup, since I value my time more than the money I would make finding a buyer, dealing with all the due diligence requests, and supporting the handoff too.

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