Ask YC: Can I know my rejection reason?
I applied with my startup for the last 2 cycles.
Nevertheless I applied for YC for several times through the last decade...
And I applied for the first time back in 2007.
I am really curious to know why I got rejected the last cycle? I applied for the same idea twice and I need to know if I should apply once again next cycle.
I applied after Paul buchheit told me to apply via Facebook message, when I asked him if I should apply or not.
I have been trying to build a successful startup since 2007 and by the namr of all of these years being here at hacker news, I am asking you to provide me feedback.
Thanks in advance
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[ 3.3 ms ] story [ 42.7 ms ] threadIt's based on facebook, it's one of the business challenges we are aware of, but can be extended to other social media websites and on the websites itself.
we are starting small and then we will replicate and expand as we go.
While I was a little bit miffed, especially after the second time (you know that old "fool me once, shame on you, fool me twice, shame on me" expression), I eventually gained a greater understanding which led to me not being unhappy at all...
Let me give you that greater understanding here, in as little space as I can...
First, let's understand that the relevant place to accomplish something, technology-wise, historically changes as the years do.
To understand this, consider the following. Let's say you were a programmer in the past, and you wanted to work with the highest technology available in a certain year.
If you lived in 1999, your choice for a company to work for would have been Google.
If you lived in 1975, your choice for a company to work for would have been the newly founded Microsoft.
Before 1975, you would have probably worked for Digital Equipment Corporation, Xerox Parc, Bell Labs, IBM, in that order, as the years got earlier -- those would have been the places to be.
In other words, you can think of 1999's Google -- as 1975's Microsoft.
Now, applied to Y Combinator:
You see, when I applied to YC, I did so (if I recall correctly!) around 2015 or so, which was at least 10 years after 2005 -- the point in time at which Paul Graham had founded YC.
Why is that important?
You see, I wasn't looking for 2015's YC.
I was looking for 2005's YC.
That is, I was looking for what Paul Graham was in 2005: A non-institutionalized investor who would invest small (~$10K) amounts of money over a short period of time (3 months of summer), with a small bunch of teams equally being invested in, and with whom (and with the people on the teams) you could have a friendship relationship with, over dinners every week...
But, those days, due mostly to YC's continued practically exponential growth -- were long gone by 2015, by the time I applied.
Now... here's the wisdom of all of this...
You see, 2005's YC -- while it is lost to present-day YC, it is not lost to the world.
It has merely changed places... and names...
Much like 1975's Microsoft shifted to 1999's Google...
You see, what you are looking for (what I was looking for), is a small-money investor that you could have a friendship relationship with.
And guess what?
These days, they exist all over the Bay Area (well, all over the world, but in the Bay Area in particular!). They're called "Angel Investors" (although, all are not the same -- you'd want one as smart as Paul Graham -- but they're out there!).
Or... you could do the equivalent of what students do when they apply to Harvard... which is to apply to present-day Y Combinator.
Keep in mind, with respect to Harvard, there are a lot of other prospective applicants -- so the bar is set very high. YC, in its present incarnation, is not very different from this.
My guess, and it's only a guess, as to why you got rejected from YC is simply this:
-Your app or product doesn't have enough user traction/revenue (compared to the other applicants), which might have to be very high indeed...
How do I guess this?
You see, as investment companies choose companies and make money from their investments -- they get more well known. As a result of becoming more well known, more prospective investees apply to them. So they become more selective, more choosy.
This cycle continues until they are what can be considered "elite".
(I love that name "elite", it also applies to schools too!)
But, when you do business with an "elite" organization -- you had better be "elite" as well... or to quote the Soup Nazi on Seinfeld "No soup (deal) for you! Come back (try again in 1 year!)" <g> (Don't try again in 1 year -- for most people (without fast user growth) it's a losing proposition they will fail at!)
All investment companies, ...