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by andy99 16 days ago
People ask the same question of why YC funds yet another Uber for dogs or a button on the Touch Bar that cost $10/mo to help join a meeting faster.

They invest in people more than ideas, so you’ve got, at least in many cases, people with good pedigree and skills (age adjusted anyway) building on stupid ideas, but that are eminently employable.

Obviously there are other factors, I’m not really trying to defend anything but just point out that there are legit reasons why someone impressive enough to get into YC would also be impressive enough to get a good job. It’s not like it’s random founders off the street.

1 comments

> but that are eminently employable

This is what always stood out to me. Founders talk about the risks they take as their major legitimizing force. But what risk? They’re the types who can (mostly) skip an interview and go direct into a six figure job - because of the sales and founder networks they develop.

Startup founders with no risk doesnt sound like a recipe for great companies.

YC founders aren't the ones taking risks. The risk comes from pouring your life savings into a company and not getting into any incubators and never getting any VC funding and then having no savings and nothing to show for it.
There is an opportunity cost in working on a startup that may fail and leave you with nothing while your uni peers have been cashing juicy RSUs in FAANG-type companies so the actual "risk" could be "having 0 net worth while living in a high CoL area by the time they reach middle age".