How We Got into Y Combinator
lloyd.tc
lloyd.tc
1) "If you’re writing your Y Comb application and it takes you less than a month of work, you’re not trying hard enough."
No. You should not be spending that much effort on your application to YC -- or any accelerator. Should you have a few people read it over? Yes. Should you spellcheck? Yes. But not much more than that. Focus on building your product and building your business.
2) "no one’s video is under a minute."
Ours was. 50 seconds, to be exact.
3) "But my point is, if your company and team is solid, than you will get in."
This is the most dangerous statement in the post. This is simply not the case. Every successful entrepreneur was told "no" and turned down time and time again on their path to greatness. Facebook got "no's" from VCs. Airbnb's founders were told they were crazy. Many people outright laughed at Elon Musk's dream to build rocket ships. SendGrid was rejected from YC. If you believe in your team, and you believe in your idea, trek on. The YC partners are some of the smartest people I've ever met, but they're not infallible.
YC has been absolutely amazing for my team and my company, and we're very grateful for having gone through the program. But we likely wouldn't have been accepted and wouldn't have benefitted so much from the program if we weren't focused intensely on what matters -- building our product, talking to our customers, and staying healthy. Apply, hope you get in, but if you don't, carry on.
I started filling out our application 2 hours before the deadline, and I am a slow writer. It worked out for us, but I wouldn't recommend this approach. Correlation is not causation.
Best applications consistently keep the video under 1 minute. Given the culture of conciseness in YC I wouldn't recommend intentionally going longer.
Our application process helped hone and focus our business in ways that nothing else has. I would argue that working hard on your YC application is working hard on your company.
As you've pointed out twice (#2,#3), there are always exceptions to rules.
If a company does not make it past a YC interview, then there was something that YC didn't like... it can only help that company to try to extract that issue and deal with it early on.
This is exactly wrong. There are two types of questions on the YC application:
1) the ones about you as founders, and 2) the ones about your business
Spending time thinking about the first type of question (e.g. "Please tell us about the time you most successfully hacked some (non-computer) system to your advantage.") does not help you build your business -- not in the least.
And if you spend time building your business (i.e. talking to customers and building your product), then you'll be well prepared to answer the second kind of question.
You have it backwards. Working on your YC app != working on your business. Working hard on your business, however, is the best thing you can do make your YC application successful.
Spending time thinking about our business for us included talking to customers and asking hard questions. Only after understanding our customers could we build anything at all--for an enterprise product like ours, it's impossible to iterate in a vacuum.
Working on your company should always be the answer, but before we could ship code, we needed to know where we were going.
As PG points out, "The biggest mistake founders make when applying is to confuse us. Half the time when I'm reading an application I'm thinking 'I have no idea what this person is even talking about.' I suspect this often the writer's own confusion showing through."¹
Trying to explain our very-difficult model helped us to both understand it and define for ourselves.
Admittedly, it was a bit weird to just start making money without knowing where the future of the company was going. The YC app itself forced us to talk through these things; but maybe this problem is unique to our company.
nice product, so!
EDIT: And site, just because I forgot...
One of the most valuable pieces of advice YC offers is that there are lots of things that are a waste of time, but feel like they're productive, and that these things are especially dangerous to spend time on.
There is certainly no guarantee that with a "solid" team you'll get in. At the end of the day, it's all a matter of serendipity.
Typewire - disqus for liveblogging
Attend.me - conference management software
Prospector - medical chart review
and finally LightTable. Oddly enough we had/have domain expertise for all of them :D
I think it's way more than serendipity. I think the YC staff is extremely good at identifying where good teams and good products meet.
While I agree that they've gotten very good at identifying potential good team/product pairings, that just means they have relatively few false positives. It makes no claim to how many people they pass over who may in fact have an amazing team and product. As the noise in the process increases, you're bound to end up with more and more people who for completely random reasons didn't end up being what they wanted that day. This isn't a purely objective process (thank goodness).
All other things being equal, anything that relies on the judgement of a few people has an element of serendipity to it.
"All other things being equal, anything that relies on the judgement of a few people has an element of serendipity to it."
Also recall that the judgement is made on the basis of a 10minute interview. Ask any of these startups if they'd ever hire a group of strangers into their company based on a 10 minute interview. (I'm aware that's not really a fair comparison, but it should still make people think).
Interestingly enough also many alumnus I know thought they failed the interview once walking out of the room. I sure did.
Edit: With the second comment I was referring to section "Once we got the Interview, we knew we were in"
I think many of the posters who spent relatively little time on their second, third, fourth, etc. applications are underestimating how much time they spent preparing the application. Unless you could have written that application from scratch the first time, at least some of the time spent on your failed applications counts as "writing the application." I'm pretty sure the author didn't mean 1 month of 12 hour days sitting in front of a word processor (and I think has said as much).
I live in Silicon Valley so everyone here is either going YC crazy right now, or absolutely clueless. It would be awesome to get feedback from someone objective but experienced.
I apologize if this wasn't the right place to ask, but with 4 YC alums in the same thread I had to give it a shot!
Thank you in advance.
Instead of building that application for a whole month, he should have been building his product and landing customers.
But, as an aside, can we please kill the abusage of the word "hacked" because, as far as I can tell, it's being used as a synonym for "did a lot of research and spent a bunch of time on".
I typically think of the term in the way it's used in the question "Please tell us about the time you most successfully hacked some (non-computer) system to your advantage." I.e. something like finding a loophole.
It's too bad, this diverts the discussion on that post around the use of the word, whereas there is some good stuff in there.
"How we Did A Very Good Job on the Y Combinator Application Process and Got in"
versus
"How we Hacked the Y Combinator Application Process and Got in"
It's called linkbait.
Seems like every "YC Application Advice" blog is about spending hundreds of hours doing an APPLICATION. To me this sounds absurd. If you're really using the time to figure out the direction you want to head, or where your product focus is, then fine. But then it's not really for your YC application, its for your company.
In the end we didn't get in. We didn't have a sound business strategy; our focus was on the product. Nieve, yes, but lesson learned. It was one hell of an experience.
Unrelated, I like your "Tweet this quote" sidebars...clever idea. :)
Plus, being two guys from the Midwest, we really didn't know what we were doing. After YC, our path was much clearer.
I hope you don't actually believe that... if you do, start-up groupthink is definitely getting to you.
If you account for applicant quality in how you measure exclusivity: NSF fellowships, top medical schools, top JD programs, top science PhD programs, many jobs, some country clubs,
The Rhodes and Marshall scholarships come to mind as "most exclusive." They're arguably not "open application" due to age requirements. I suspect YC has an age requirement too, but it is less restrictive (and less explicit.)
If you don't control for applicant quality, then even entry-level jobs are more exclusive than YC. I've been in charge of hiring for a jobs where we made job offers to less than 0.5% of applicants. Which is just to say that acceptance rate alone isn't the right metric.
I think I'm touching on a small sliver of the "most exclusive things" list. The fact that most of the world hasn't heard of YC would also suggest that there are also exclusive programs in other fields that we aren't familiar with.
Rhodes and Marshall have specific requirements, even your job hire probably had requirements (high-school education, must be able to lift 30 lbs).
That's what makes YC so amazing... anyone, anywhere, can apply.
If you don't have the skills to do statistical modeling, we wouldn't hire you. We gave guidance in the job posting about who was a good candidate. But we didn't prevent anyone from applying.
YC is the same in all those dimensions. If you don't have the skills necessary to build a successful startup, they won't accept you. YC gives guidance on their web page about who was a good candidate. But they don't prevent anyone from applying.
I'm not sure how you define "open" so that one of those qualifies and the other does not. If "open" just means that they have more flexible requirements, that is a difference of degree, not kind.
YC is an unusual combination of selective and eclectic. But claims about "the most selective open application in the world" suggests a lack of perspective.
If your company's revenue stream is growing 20% each month on the backs of millions of users, why are you applying to Y-Combinator?
But then again, the title got you on the frontpage of HN, which was almost certainly the goal.
Apologies if you felt mislead. LMK a better title and ill change it. Also, I hope there's plenty of stuff in there that demonstrates how to write a good application.
Humor may really help the article to gain acceptance and readership.
Please please stop using them for anything.
lame.
I can't imagine "we're already making money" and the fact that you were doing it monetization journalism (an RFS and a tough one) didn't help you get in more than the clarity of your application though. That seems to be a proof point beyond anything you could have written, to me.
"...we basically don’t have an accent..."
You do. It's called "American". :P
This is a good example of a YC application but I'm more intrigue with applications outside America, or in Asia. And dealing with what you said as language barriers, culture differences, and also the visa problem.
Simply curious, why did you decide to build the company in Austin, TX?
I ran my last company in the Valley and did really well--I exited for 7 figures. I am building my current company in Austin because I see here what the Valley was in 2002-2004. Growing fast, retooling itself as a startup hub, and building real businesses with real revenue.
Developers are (somewhat) easier to hire here. Salaries and cost of living are lower. No state income tax saves you some good money, too (matters more once you get acquired and/or start pulling down a larger salary.)
Weather is less great, but you do have seasons here, which I can appreciate, having lived in California most of my adult life.
Funding is available, though not quite as easy to get as in the Bay Area. However, I will say, once you figure out who the investors are in Austin, they love to invest in local companies with traction and revenue. And there are venture funds here, as well. In addition to local funds, 500 Startups makes several trips through Austin a year and funds the most promising startups here.
Plus, Austin is a fun city that has a lot of fresh, young energy. Thriving culture, bike- and scooter-friendly, and did I mention you can actually afford to buy a house here? I suppose that's more important for us "old fogies" who are already in our 30's. ;) Oh, yeah, and you can drink beer at the movies thanks to Alamo Drafthouse. Also, if you're a foodie, Austin is epic. I still can't believe the Bay Area doesn't have an equivalent to Central Market.
I wrote a more in-depth blog post before I left for Austin: http://www.erica.biz/2011/california-im-leaving-you/ And I can safely say that moving here to run a high-growth, B2B tech startup was one of the best decisions I've ever made.
The short version is that we work with small newspapers, and small newspapers sometimes like the idea of working with people from Austin instead of San Francisco. (Yes, I realize how crazy that sounds.)
It also suits me better personally, and it seems to be easier to raise a relatively large (and young) family.
I made a go of it in the valley for a year, and it was a lot of fun, but we're happy to be a part of the Austin Tech community now.
If you did this, why would you need YC?
Love this answer.