Re:DreamIT Ventures Opens Up Applications For Summer 09 Fund...
by alain94040 on Saturday January 24, 2009 @01:52PM
(#448300)
The quality of a program like YC depends on two intertwined factors:
- who is running it, so they provide real value from real experts
- the reach they have, so that the applicants are top-notch and you benefit from interacting with other rising stars
In the case of DreamIt, it's a bit of a chicken and egg problem. If no one has heard of you, no matter how great your coaching will be, you end up with second rate projects and there's not much you can do to make stupid ideas fly. And once you are known for a batch of mediocre projects, none of the smart entrepreneurs want to join your program, and you are stuck.
I hate cronysm, but who you know matters so much and makes such a big difference, it's scary.
- who is running it, so they provide real value from real experts
- the reach they have, so that the applicants are top-notch and you benefit from interacting with other rising stars
In the case of DreamIt, it's a bit of a chicken and egg problem. If no one has heard of you, no matter how great your coaching will be, you end up with second rate projects and there's not much you can do to make stupid ideas fly. And once you are known for a batch of mediocre projects, none of the smart entrepreneurs want to join your program, and you are stuck.
I hate cronysm, but who you know matters so much and makes such a big difference, it's scary.