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Being one of the no idea / barely an idea teams in s12, one of the teams that acrimoniously blew apart and probably one of the teams that led to the changes that YC made for w13, I am glad that "no idea" is no longer an option. I still view YC's willingness to experiment in an extremely positive light. It's why YC is the innovator, and everyone else (500, techstars etc) are just imitators. That being said, I think "no idea" was a bad idea, for YC as investors and advisors, for the following reasons: 1. It created teams that had not actually worked together for a significant length of time on an idea that all founders believed in. In other words, "teams" which were not actually "teams", but rather a set of individuals with strong credentials. 2. Some of the most important psychological benefits of going through YC, particularly the artificial pressure of Demo Day, have a paradoxical effect on "no idea" teams. The experience of watching good startups grow literally before your eyes at weekly dinners is inspiring, but not particularly conducive to coming up with your own idea. For me at least, it created an almost existential angst. 3. Without an idea, a shared revolutionary vision of the future, there is nothing binding a team together. Each time an idea "failed" there was an intense feeling of loss and personal failure, particularly (as mentioned above) when you see the "idea" teams progressing week on week. That emotional baggage can rip apart formerly great friends .. it did in our case. Given that, s12 was not a disaster. For one, many s12 teams are doing brilliantly, and I wouldn't be surprised if there are more than a few black swans amongst my batchmates. But more importantly, it wasn't a failure in the same sense that Edison's first 9,999 light bulbs (that didn't work) were not failures. For me personally, "no idea" was a great idea, as I learned more from my YC experience than can be quantified. While I'd never take funding again without an idea (or a working product or service) as it causes unnecessary and often contradictory pressure, my understanding of how to succeed in startups is orders of magnitude greater than it would have been without YC, and for that I will be eternally grateful. |
Of course by disaster I meant just relative to other classes, with a much higher amount of team splits/zombies in such a short period, which seemed predictable. Most startups don't work out, that's expected, but the stage was weighed for things not to work out in re: the startup itself and the friendships involved. Who knows, perhaps you and your friends, with a shared, good idea would have done great in w13, having the right context to build upon where you were at. I know of other teams who were extremely frustrated that something they've dreamed about, Demo Day, turn into something to dread and the quite painfully choosing to give up on the whole endeavor whatever the high personal costs (not necessarily wrongly).
One of the best things about pg's essay was the core message to entrepreneurs that a good startup idea requires not a pressure cooker atmosphere to come up with an 'idea' but the natural space in which you notice a problem that can be solved. It's the starting point, not something that can be tacked on later like the noidea concept would suggest.