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by fakedang
595 days ago
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I'd like to argue for YC in the same way as I would argue when someone brings up my alma mater (or an Ivy League uni) - it's not the uni that shines, it's the people you're studying with. YC's huge advantage is that they have an internal network of startups who support each other with YC money as customers, which then get pushed to VCs as revenue growth numbers. VCs have learnt to get in on the gravy train early, because the brand-name still carries value downstream. For no-name startups and no-name founders with no fancy universities (who are increasingly being ignored), this is a huge disadvantage. If you want to look at YC's actual success rate, take a look at any of their public market companies' performance. Hint, none of them have outperformed their IPO price. In fact, many of them only found their ways into exits through the SPAC frenzy of 2021. |
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