Now I'm tracking 10 billion events a month in real time, and I'm armed with tons of awesome users, some friends and an increasingly solid strategy for capturing a few more markets. :)
YC definitely lost out, and I'm sure that pg (and the others) would be the first to admit it.
Any good VC or Angel knows they can't always make the right call. In fact, I'm fairly confident that YC has that written down somewhere. Possibly in multiple locations.
In theory, pg has already 'admitted' it to ben twice, now:
We realize this process is fraught with error. It's practically certain that groups we rejected will go on to create successful startups. If you do, we'd appreciate it if you'd send us an email telling us about it; we want to learn from our mistakes.
Of course they can miss stuff for a whole stack of reasons, and it's not even certain they have made a mistake - I just assume they have and everyone who's not accepted should do so too, to think otherwise about your own startup would be retarded heh.
It doesn't mean YC failed, but he does have some bragging rights all the same. The truth is, a lot of startups have been accepted into YC and have achieved far less...
Your product looks like a definite winner now, when you applied though I'm guessing there was a lot of work to do and it was a lot less clearly a winner?
i have a lot of ideas and i've applied twice but being from europe and having difficulties finding a good team makes it impossible so i'm bootstrapping myself providing Shopify consulting amongst other things and i'm mid recruiting process for a Google position in Zurich, so maybe in the future a better opportunity comes along
Yes, twice. First time we didn't get an interview, second time we did (same project). We didn't make it past the interview but it was awesome anyways. Eventually went on to dissolve that project, but I will definitely be applying again in the future if it makes sense.
Going through the YC application is a great exercise to go through for any founder. Keep your answers short. It will help you find your product's focus and remove the noise.
Agreed. Being forced to condense your brain-child into a 60 second pitch really helps you make a better first impression as well as focus you on which aspects are the most crucial.
I imagine there's as many reasons as there are people.
When I last co-founded something, we didn't apply to YC because we weren't at all interested in moving to Silicon Valley, even for a summer, and we could raise money on our own.
No plans to apply to YC in the future for pretty much the same reasons.
I applied. Didn't make it to the interview, was kind of disappointed because I heard great things about YC. Anyway it didn't really put a damper on the project :)
Nope. I periodically mull it over, but I didn't have a suitable product or situation prior to quitting and starting AR.
AR could be suitable, but I'm not 100% sure that I want to commit to seeking the sort of trajectory which results in a positive outcome for YC. I couldn't in good conscience take their money without committing.
If I was prepared to commit, YC would be the first to know.
Why would I? Compared to getting a paycheck, the startup path sounds like it would be significantly higher pressure, extraordinarily higher risk, and only slightly higher expected financial return (certainly not enough to make up for those first two items).
The "weekend side project" option sounds much better, and is something I've been gradually moving towards.
Yes. Non-technical single founder (kiss of death) didn't make it in. No worries though, I'm raising seed capital & continuing to design the site. Should be hiring a back end architect & coders in the next month or so at this rate.
YC would be a great resource but not getting in is not the end of the world. In any case, the posts on HN have been a great learning tool.
25 comments
[ 2.9 ms ] story [ 62.6 ms ] threadEdit: You guys below are taking "their loss" too seriously lol. Is it really their loss? Who knows. Do I think it's their loss? Sure.
Now I'm tracking 10 billion events a month in real time, and I'm armed with tons of awesome users, some friends and an increasingly solid strategy for capturing a few more markets. :)
For a start it could be that the startups they did back have gone on to achieve even more (or they expected to).
You're calling it as if it is black and white, and it isn't.
Still, I hope you continue to see success in your venture.
Any good VC or Angel knows they can't always make the right call. In fact, I'm fairly confident that YC has that written down somewhere. Possibly in multiple locations.
We realize this process is fraught with error. It's practically certain that groups we rejected will go on to create successful startups. If you do, we'd appreciate it if you'd send us an email telling us about it; we want to learn from our mistakes.
http://news.ycombinator.com/item?id=70062
It can be much better for you in the long run anyway. Although now that you have a business going some VC support might enable you to expand quicker.
http://playtomic.com/blog/post/46-looking-back-on-2010
i'm assuming most of those that haven't, have a strong passion for startups, but just haven't come across that world changing idea?
When I last co-founded something, we didn't apply to YC because we weren't at all interested in moving to Silicon Valley, even for a summer, and we could raise money on our own.
No plans to apply to YC in the future for pretty much the same reasons.
AR could be suitable, but I'm not 100% sure that I want to commit to seeking the sort of trajectory which results in a positive outcome for YC. I couldn't in good conscience take their money without committing.
If I was prepared to commit, YC would be the first to know.
The "weekend side project" option sounds much better, and is something I've been gradually moving towards.
YC would be a great resource but not getting in is not the end of the world. In any case, the posts on HN have been a great learning tool.