Re:Just did the Y Combinator interview: here are my notes
by wpietri on Saturday November 09, 2019 @11:46PM
(#21496443)
I didn't get that feeling from this article, but I share your feelings about doing a startup as a fashion.
It's definitely real. I used to coach at a bunch of startup events, and many people were definitely drawn to the hype. E.g., the fresh college graduate who was trying to decide between going to grad school or doing a startup. The people who were sure they had the "next Facebook". [1] The people who want to be the next Steve Jobs, or whoever the press is lionizing these days.
And really, I think a lot of the "Uber for X" wave was of that style. How many of those really had plausible unit economics? Versus just being a bunch of people playing disruption dress-up with a tide of VC money behind them?
It is my fervent hope that WeWork's the peak of that bubble. That with less hype and froth, we'll see more companies focused on serving users and creating long-term value.
It's definitely real. I used to coach at a bunch of startup events, and many people were definitely drawn to the hype. E.g., the fresh college graduate who was trying to decide between going to grad school or doing a startup. The people who were sure they had the "next Facebook". [1] The people who want to be the next Steve Jobs, or whoever the press is lionizing these days.
And really, I think a lot of the "Uber for X" wave was of that style. How many of those really had plausible unit economics? Versus just being a bunch of people playing disruption dress-up with a tide of VC money behind them?
It is my fervent hope that WeWork's the peak of that bubble. That with less hype and froth, we'll see more companies focused on serving users and creating long-term value.
[1] In my view, there will be no "next Facebook": https://www.quora.com/Is-it-foolish-to-go-to-Startup-Weekend...