I don't see how title of the article is relevant to the content.
And on the issue of the bubble it's the natural flow of the market, based on supply, demand and competition. There are so many flavors of pop, do we have a "pop" bubble?
Should be retitled, "Do you need an incubator?" or "On selecting an incubator"
if you decide to quit your pursuit of building a startup after the 3 months in an incubator, then you probably wouldn't of succeeded even within a big incubator.
Totally agree. I just question whether the channels for follow-on at the post-incubator stage are growing in proportion to the number of incubators popping up.
Yes. But they're all missing the point. It's the quality of advisors and the nature of their advice that shapes a great startup. Just throwing some cash at them is akin to giving fish to a poor man. The poor man will eat the fish and ask for more. But teach him to fish and he may become a millionaire fisherman.
I don't think Y Combinator can be replicated. PG's experience and his contribution to this community is unparalleled. I'm NOT against other incubators coming up - but just saying its highly unlikely they'll achieve the level of success Y Combinator has.
Bubbles aren't just "lots of people are trying the same thing" or "lots of people are trying to copy a new idea" or "people discover a new market", you know. The value of the term "bubble" has been frittered away to nearly nothing by people rushing to slap the label on everything showing the slightest bit of growth. Sure, a lot of these guys will end up failing or acquiring each other, but that's not a bubble, that's just how the rush into a new market always works.
So while flippant, the goal was to point out the disparity in the perceived value generated by incubators and the investment to build them. And wholeheartedly it was flippant and designed to garner attention, but not out of context. Sorry.
Just as there are A-grade startups and the B-startups, there are now A-grade incubators and a growing list of B-ones. Founders thinking that he value of participation in New Incubator X will be similar to participating in YCombinator are in for an unpleasant surprise.
Long term, I don't think that this will look like the college market since it will be much easier to measure the quality of an incubator's outputs than of a college's outputs and we'll see the lower quality ones fade away.
What is the worst case scenario of lots of YC clones? Zero successful startups, zero investor exits, a bunch of people who have tried at least one startup, and slightly fewer programmers working in industry? Is this really that much worse than the alternative, that all these founders work for BigCo?
It's more of a meta incubator. You can buy my e-book: Lean Incubator - Get Incubators to Market Faster to Get Startups to Get Products to Market Faster - Local Mobile Social Cloud Edition
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[ 2.8 ms ] story [ 43.1 ms ] threadAnd on the issue of the bubble it's the natural flow of the market, based on supply, demand and competition. There are so many flavors of pop, do we have a "pop" bubble?
Should be retitled, "Do you need an incubator?" or "On selecting an incubator"
I don't think Y Combinator can be replicated. PG's experience and his contribution to this community is unparalleled. I'm NOT against other incubators coming up - but just saying its highly unlikely they'll achieve the level of success Y Combinator has.
Bubbles aren't just "lots of people are trying the same thing" or "lots of people are trying to copy a new idea" or "people discover a new market", you know. The value of the term "bubble" has been frittered away to nearly nothing by people rushing to slap the label on everything showing the slightest bit of growth. Sure, a lot of these guys will end up failing or acquiring each other, but that's not a bubble, that's just how the rush into a new market always works.
So while flippant, the goal was to point out the disparity in the perceived value generated by incubators and the investment to build them. And wholeheartedly it was flippant and designed to garner attention, but not out of context. Sorry.
Long term, I don't think that this will look like the college market since it will be much easier to measure the quality of an incubator's outputs than of a college's outputs and we'll see the lower quality ones fade away.