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by fredsters_s 2213 days ago
> YC once tried an experiment of funding seemingly good founders with no ideas. I think every company in this no-idea track failed

...coinbase was a 'no idea' startup

2 comments

Were they not even interested in bitcoin in some way? If not, good counterexample... but if they were, I think saying something as vague as “we’re going to do a bitcoin company” around then would count as an idea, probably even a tectonic shift one.
on further investigation this is not true - they applied with a bitcoin wallet. Thanks for the fact check!