Comments on post “Apply to YC (Y Combinator)”
Rotem Yakir
@rotemthegolfer · Guggy CEO - Fun-up Your Message
Cool! and what a timing, I've applied today :)
One thing that is strange though. It is written that "They are only looking for ideas that can reach a valuation of at least $10B" but I saw a company called Pigeon that got in, and although the idea is cute it is certainly not a 1B idea...
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Stefan Stokic
@stefanstok · Co-founder @ Slik
@rotemthegolfer Michael Seibel had a recent AMA on HackerNews and answered this question:
Q: "Seeing some of the recent startups that have come out of YC and learning about what they're working on; I can't imagine how they'd scale to a billion dollar business. Question: Is this a signal that YC is now investing in companies that don't have such lucrative paths? If so, how does YC justify such a decision to their partners."
A: "To be honest - it was impossible early on to see how Justin.tv (a guy wearing a camera on his head 24/7) or Airbnb (airbed rental) could turn into billion dollar companies. Often times we invest in great teams and just see what they can do. Remember hindsight is 20-20."
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Rotem Yakir
@rotemthegolfer · Guggy CEO - Fun-up Your Message
@stefanstok cool!
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Nevin Jethmalani
@nevinjethmalani · Co-Founder & CEO, Looq
@rotemthegolfer Sorry I didn't get back to you about this earlier. I was looking for a video where @sama spoke about this but I couldn't find it. YC is known to only invest in companies that have the potential to become multi-billion dollar businesses. A path to a billion dollar valuation should come out in both your application and interview. That being said, YC will first and foremost invest in founders who they love and as Michael Seibel said, "see what they can do."
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Rotem Yakir
@rotemthegolfer · Guggy CEO - Fun-up Your Message
@nevinjethmalani @sama thank you for clarifying
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