Re:The Next Y Combinator Class Will Be 80 Strong
by paul on Tuesday May 22, 2012 @05:31PM
(#4010143)
Best from an investment point of view. I don't care about their IQ, education, etc -- I care about them starting successful businesses. Obviously we won't have the final answer for many years (big successes take about 5-10 years), but myself and many other investors found this group to be very investment worthy (I put more of my personal money into this group than any previous).
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Re:The Next Y Combinator Class Will Be 80 Strong
by thereason on Tuesday May 22, 2012 @06:47PM
(#4010532)
"I don't care about their IQ, education, etc."
Would you say that is true of the other investors as well?
Are investors informed of the IQ, education, etc. of the each member in the group?
Re:The Next Y Combinator Class Will Be 80 Strong
by paul on Tuesday May 22, 2012 @08:11PM
(#4010799)
No, we don't administer IQ tests or anything. The point is that investors main interest is in finding good companies that will possibly be the next Google/Facebook/Dropbox.
Re:The Next Y Combinator Class Will Be 80 Strong
by thereason on Tuesday May 22, 2012 @08:49PM
(#4010892)
But wouldn't IQ, education, etc. be factors in whether someone would even make it into the YC class?
If investors are not concerned with these factors, should they be relevant in the YC (or any incubator) application process?
(I realize asking this may be stirring a hornet's nest, and to anyone reading who is offended I apologize, but I am sincerely interested in the mind of the investor and their evaluation process.)
Re:The Next Y Combinator Class Will Be 80 Strong
by Mumbles on Tuesday May 22, 2012 @09:25PM
(#4011005)
It doesn't really matter if participants have a low(er) IQ, or went to a non-elite school. As long as they are capable of creating great companies. YC does all the screening to make sure they are capable of doing so.