> True, but advising dozens of startups, some of which became highly successful, does.
I would be surprised if anyone on YC news couldn't get a few successes out of 60 start-ups.
YC's had its share of duds as well. And various times we've heard they're not far in the black; considering the micro-investments they're making, that doesn't strongly support the notion that they are especially successful.
> "Whim" and "arbitrary" have a connotation of carelessness; I don't think they fit here.
I'm sure they are careful in certain ways but there's only so much to be gleaned from a brief application, which may not include the follow-up 10-minute interview. Three people can't advise 60 existing start-ups and do due diligence on 500 more. Not to mention, a substantial number of people haven't even built anything, which means they really have no choice but to judge the book by its cover. There are always snap judgements and rush decisions in any big application process.
I would be surprised if anyone on YC news couldn't get a few successes out of 60 start-ups.
YC's had its share of duds as well. And various times we've heard they're not far in the black; considering the micro-investments they're making, that doesn't strongly support the notion that they are especially successful.
> "Whim" and "arbitrary" have a connotation of carelessness; I don't think they fit here.
I'm sure they are careful in certain ways but there's only so much to be gleaned from a brief application, which may not include the follow-up 10-minute interview. Three people can't advise 60 existing start-ups and do due diligence on 500 more. Not to mention, a substantial number of people haven't even built anything, which means they really have no choice but to judge the book by its cover. There are always snap judgements and rush decisions in any big application process.
Hence, whim.