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by pg
6634 days ago
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I was calling them clones because that's what other people were calling them. They are, though. All we have in common with seed stage incubators is investing at the seed stage. What these guys have in common with us is a whole list of distinctive things: investing in multiple startups simultaneously, taking about 6%, using an application form instead of accepting business plans, making founders move to where we are, using a three month timeline, having weekly dinners, bringing in outside experts to speak to the founders as a group, having a Demo Day where they all present to investors. Often whole chunks of text on their sites are paraphrased from ours. |
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>12. Why would your project be hard for someone else to duplicate?
It clearly illustrate the apparent problem YC will face in the future, I think you should think of something to avoid complete duplicate. From my view I think the value of YC is in its network and Knowhow, any founder will recognize that.
As it's getting harder and harder to even speak to you guys the temptation for founders to go the other way will even be stronger. I'm sure you can come up with something.