TechStars Network Wants One Startup Application To Rule Them All
techcrunch.com
techcrunch.com
PG made an interesting analogy to the college admissions process. How long until we see an "Common App" for seed firms, and a common decision timeline?
(http://news.ycombinator.net/item?id=528071)
The answer was two years, apparently.
If it's not too late to bid I'd gladly create a common startup application for a mere... (pinkie in mouth)... $100,000. I know, I know, I'll have to invent some sort of form technology, and some way to submit data to a web server of some kind. Perhaps invent some sort of database. This stuff is costly, folks. R&D. Could take years too. And there's no guarantee we'll succeed. But the challenge, it excites me. That and $100k.
YC doesn't have to do anything really. What will likely happen is that the common app each year will just be the questions YC asks or a subset of the questions YC asks (effectively giving YC the benefit of a supplemental set of questions).
One other point. Unlike college admissions where you typically have to pay an application fee (and with incubators, a time cost associated with filling out disparate applications), it doesn't appear that there's any penalty for submitting your common application to every "incubator". There are probably some unintended consequences of every incubator seeing every application.
I doubt TechStars or any other incubator is looking for the same traits, or understand people the same way.
Make no mistake, YC, techstars and the rest have created massive amounts of value and turning into a clumsy industry giant is a great problem to have. This is just how it goes.
Given that a common app definitely increases the amount of work for the VCs or accelerator programs, but reduces the work for founders, I hope that we'll see the more founder-friendly programs collaborate to make this happen.
I'm eager to see what YC's stance on this will be.