> Traction gets you in the door, the big future gets you the check
Interesting. Would you say this is just a more focused way of describing what Leo Polovets has been writing about on codingvc.com, or do you think there is a practical or philosophical difference in what YC looks for?
I think Leo nailed it with that post. I just had lunch with him actually and it's remarkable how similar our philosophies are. Not that surprising I guess, since he is also a seed investor who started as a hacker.
> What makes people get out the checkbook is how big you can become.
Drew said 1M. So, its not that necessary to over sell than what you believe, is it? Maybe now it is as YC has become a giant corp?
Where is the YC of 2007 which created more value per startup than current YC (maybe i am wrong about the value per startup part but it doesn't look like, also it makes sense for YC to care about overall value than per startup value to create more impact just like big companies.. maybe ripe for disruption in few years)
What I meant was Drew had applied with dropbox saying he would exit if someone paid 10M. But current YC seems to be to big for that kind of exit target.
> You've always got to put your best foot forward.
early stage startups can be very delusional about how big they can become on either side of the scale (drew quoting very less and some other startup quoting billion dollars). So, its not really up to the startup to predict how big they can become, it all depends on the interviewer. Nothing to do here for the startup i guess.
Interesting. Would you say this is just a more focused way of describing what Leo Polovets has been writing about on codingvc.com, or do you think there is a practical or philosophical difference in what YC looks for?
https://codingvc.com/how-to-de-risk-a-startup/