I can’t understand some of the YC invested companies. They don’t seem to be billion dollar companies to me. For example, why is a form builder a billion dollar company?
Don't get me wrong it's a great company for the founder and maybe a small team, but there's no intent to grow it massively. The founder has even said so.
Not sure why YC makes those exceptions sometimes.
and also saying a form builder can become an app builder, is like saying a plain paper can be used to print money ...
we all know that the delta between them is huge. We are not selling fairy tales to VCs, or are we?
Silicon Valley should have its own version of the Hollywood sign that reads "There's a Sucker Born Every Minute."
It could be that investors believe the company can grow into something large and profitable.
It could be that investors believe they will be able to sell their shares to someone else for more.
There is no law that says these beliefs have to be rational.