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by CoffeePython
1391 days ago
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Great read Chris! I was in the S21 batch and definitely relate to a lot of the things you posted. Especially re: batchmate quality. One big thing that YC did for me is it was an ambition multiplier. Pre-YC I thought it'd be cool to make software that could just pay my bills. A year post-batch and I find my default state is much more ambitious than before. It's a crazy feeling seeing so many people start from 0 and the progress they can make in just 3 months. YC helped me and my company tremendously. |
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When you talk about an "ambition multiplier", do you mean personal wealth? YC is great for receiving favorable terms in the future. But you can't really take that money out of the firm, or pay yourself some stupid salary. It's just paper wealth. And a bigger valuation and more ambitious growth usually means scaling up a lot faster (fail fast), rely more on future rounds and maximize your valuation.
For a fund they'd prefer a 10% chance for $100 million valuation to 90% chance for an $11 million valuation, but personally I would prefer a 90% change for a million opposed to 10% chance of 10 million, because I can't diversify and run 10 startups simultaneously like a VC can. So I guess that's the downside of the "ambition multiplier"