2,254 karma · joined September 12, 2007
"Since 2005, Y Combinator has funded 460 startups with only a handful of big wins."
We were just at the 7 year birthday party for YC in a room filled with successful founders. The collective valuation of the group is billions of dollars... and regardless that some founders have had their companies fail along the way, the network they're a part of adds huge value.
I'd go point by point and explain the counter for this entire post... but I don't have the time.
I think there is a valid argument about which incubator you participate in and the pros and cons each bring... but to warn people about the top incubators is almost comical.
And its a bit ironic to tell me no to assume my experience is the same as everyone else's on a blog post telling everyone else how to treat the YC interview, no?
I've said this many times before and perhaps need to include it on every comment regarding startup advice. There are some common concepts, useful general practices, etc. But it's a very different experience for all of us. There is no general advice that will work every time for everyone. Take ideas that work well with you... leave the rest.
You note that nowhere in your YC application do they specifically ask you about money stuff.
But, you talked to some YC Alums before the interview and they all asked you about $.
And since you didn't get selected you now assume that the YC partners really only care about the $? Sorry, I think that's a leap in thinking that might be in the wrong direction.
I applied with a website that let people name & share color... There wasn't billion dollar company sitting in front of them. There were a few guys with a passionate community and the ability to build great product. We were never asked in our interview about $ and didn't need to bullshit anything.
Yes, the Valley hype scene is heavily influenced by who's the next billion dollar company and puts little success on people making $5-10M/year in great businesses... But that isn't YC.
PG has on a number of occasions given me advice that is all about us as the founders being happy. Not about YC getting the biggest return possible.
So yeah, hopefully your idea could be a big business. But I would argue the opposite of what your post says. YC mostly cares that your idea is big and that you are a team that might be able to pull it off.
And IMHO... Try not to bullshit. It'll eventually catch up to you.
And there will always be people looking for design shortcuts. Much of the web is not breakthrough design of new experiences, it's new faces on existing ideas. I hope we provide a short-cut for designers to get the template easily so they can spend their creative energies making it really unique.
And we already have 75k people on our early access list... so that long ways isn't all that long. ;)
You can use technology and services like Angel.co to make the connections and schedule the meetings... then you have to go out.
I raised this last round from my home in Hawaii. I spent the first few weeks doing phone meetings and then was in SF & NYC for another couple weeks doing partner meetings and wrapping things up.
And yes. Full focus is key.
It helps that I'm from Hawaii, so I'm not in "vacation" mode... I'm in "home" mode. Where I feel relaxed, comfortable, inspired & supported. From that place is where I run the chaos of a startup.
I'm a Prius owner and I didn't decide to spend an extra $6k just to get a Prius for the gas savings, otherwise I'd have a Camry. If I didn't buy a Prius I would have bought a similarly priced car because... that was the price range I was shopping in.
It's enough to keep the doors open and the company growing... but CreativeMarket.com will be where the meat of our revenue will come from.
I posted something yesterday not exactly critiquing YC, but presenting an alternate idea to how they should run housing for batches... that post didn't get buried because it had a different viewpoint. PG even commented in it.
Also... any reason to link "Hacker News" 12 times in your post to your old thread? IMHO it makes it looks a bit SEO spammy.
It's a 3-5yr vision.