[The28thDuck]

I’m pretty sure their philosophy is that ideas are a penny a pound, it’s proven execution (an MVP) that gets attention.

[throwaway425933]

From their FAQ, https://www.ycombinator.com/faq

No, it would be a mistake to wait to apply. On average, *40% of the companies we fund in each batch are just an idea*. Most don’t have any revenue.