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by dalton
2852 days ago
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I'm the head of admissions at YC and I can assure you that a huge percentage of the companies that we interview and fund are at idea stage. One explanation I have for why it my appear the startups we fund are "far along" at demo day is that the startups moved so quickly during the batch. For example, the startup Inokyo in the current batch recently put out a video of the autonomous store they built in Mountain View: https://techcrunch.com/2018/08/16/inokyo/ When we funded this startup 3 months ago it was for a different idea and so they quite literally started from scratch. Startups moving fast should hopefully seem far along by demo day, irrespective of their starting point :) |
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A hard number would say more than that phrase :)