When I get a rejection letter for anything, I shrug and treat it like losing a raffle. I don't sweat it, the ticket candidate selection process is not based on merit, it's based on randomness.
When I get a rejection letter for anything, I shrug and treat it like losing a raffle. I don't sweat it, the ticket candidate selection process is not based on merit, it's based on randomness.
- Damien Katz (creator of CouchDB) was also rejected[1]. He went on and got $2 million from Redpoint Ventures [2]
- On this video[3], Jessica Livingston interviews Drew. It shows that he was also rejected the first time he tried out YC.
- The oscar of rejected but finally accepted: I got into YC after applying six times [4]
- Peteris Krumins also got rejected with his browserling idea, got rejected[5], and went on to raise his own seed funding[6].
[1] http://damienkatz.net/2006/11/how_not_to_pitc.html
[2] http://damienkatz.net/2009/12/relaxed_inc.html
[3] http://ycombinator.posterous.com/dropbox-interview-now-onlin...
[4] http://iamwil.posterous.com/i-got-into-yc-after-applying-six...
[5] http://www.catonmat.net/blog/launching-browserling/
[6] http://www.catonmat.net/blog/how-i-raised-money-for-browserl...
Where could I read more about this?
The 'dead sea effect' is caused by this phenomenon: http://brucefwebster.com/2008/04/11/the-wetware-crisis-the-d...
Hiring managers get the technical competency part right but they completely miss the most important things: work-ethic, tenacity, responsibility, team skills, organizational and planning ability, cultural fit, and decision-making. When you hire based on qualities that have no relevance (as all companies everywhere do), you might as well get some monkeys to throw darts on the wall. it'll speed up the process! http://www.adlerconcepts.com/resources/column/newsletter/ran...
I think your last sentence doesn't make sense either. Since when did technical competence not count for anything? Both competence and teamwork are necessary, but neither alone is sufficient.
Point is, randomly picking candidates is a crap idea.
Sure, some mistakes will get made - but a company's success factors are rarely as simple as their three-word description.