After seeing this and similar situations like https://news.ycombinator.com/item?id=8152933 involving YC companies, it's hard not to conclude that there may be something culturally broken at the accelerator level.
After seeing this and similar situations like https://news.ycombinator.com/item?id=8152933 involving YC companies, it's hard not to conclude that there may be something culturally broken at the accelerator level.
But to be fair, I don't think any other accelerator focuses on this part. Most, if not all, accelerator only focus on growth and momentum, because that is what ultimately that is what gives the best ROI.
But in most cases, problems like in this particular case become obstacles for growth. I think YC should add provision of experience to the YC formula. What is the point of having so many experienced investors and founders in the accelerator if their companies are so bad at doing real business not only growth.
This is obviously all speculation, since I am not part of the program. Just commenting on the fact there are so many cases like this one in YC companies. So take my comments with a grain of salt.
My biggest concern about Steve Jobs's legacy is that people can all too easily draw the wrong lessons from it, or use it to justify bad managerial practices. Steve Jobs's managerial style was as much of a hindrance as it was a benefit.
Obviously I'm not saying you're one of those "Steve Jobs was an asshole, so I can be" types of people, or that you're condoning them as such. But a lot of people do think that way, and a lot of people condone thinking that way. On the whole, it's an influential and problematic narrative.