[pierat]

I learned a long time ago, that HN and YCombinator were never for me. We were too poor and never part of the elite SV venture capitalism scene, no matter how sharp or crazy the idea.

We were never part of that 'scene'. Hell, I even tried to enter the VC scene locally. It was all about blatant lying and redoing Uber than actual innovative and crazy ideas. I even had a 'mentor' say that I should just lie about hockey stick growth, cause that's what everyone does.

It's not that hard to see the emperor is dearlng no clothes. But damn, don't say that if you want to deal with SV folks.

[askafriend]

> It's not that hard to see the emperor is dearlng no clothes.

Well the business model assumes 90%+ of companies fail. They're only looking for a small number of big winners. And because of the fast moving nature of the space, things like numbers can be fuzzy and aren't really too important until the later stages. So there's just less diligence in general and understandably that creates room for some fraud. That doesn't mean the model is a scam.

The issue is that too much money got pumped into the space in recent years when it really wasn't needed.

[ganeshkrishnan]

>I learned a long time ago, that HN and YCombinator were never for me.

It's not you personally and don't take it too hard on yourself. A vast majority of people on this planet won't fit the "founder personality" and thus won't make it.

It's more interesting to bootstrap your own company and if push comes to shove you can look for incubators in your own city and apply for it.