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by raviparikh
1119 days ago
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(Airplane founder here) Airplane isn't YC backed. Though interestingly my prior startup, Heap, went through YC and has tons of YC-backed competitors (Amplitude, Mixpanel, Posthog, etc). Personally I like that YC remains agnostic to the ideas and is willing to back competitors because it ultimately means more great startups get funded. Later-stage investors care more about conflicts because being involved at the level of taking a board seat matters a lot more for conflicts. At this point they've backed 1000s of companies; if they had to vet that entire list for conflicts to back their next batch it would be incredibly difficult. Also, given the stage they're investing at, tons of companies pivot and end up competing even if they didn't start out that way. |
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They're betting on multiple teams so they have a higher chance of picking the winners.