Re:Startups, Role Models, Risk, and Y Combinator
by 7Figures2Commas on Tuesday March 25, 2014 @06:12PM
(#7469550)
I think I get it. What you're saying is that YCombinator's target audience is highly intelligent individuals, savvy enough to spot untapped market opportunities and capable enough to have a chance at exploiting them, but who are either too lazy to look at the IPO and M&A data or aren't very good at statistics?
Personally, I find it hard to believe that every YCombinator-backed founder believes he's chasing a billion-dollar opportunity, but maybe I'm delusional.
Re:Startups, Role Models, Risk, and Y Combinator
by 001sky on Tuesday March 25, 2014 @07:27PM
(#7470098)
You can spray n pray capital...
Its a bad strategy for your life, tho
The 'tortured artist' is a romantic notion
It's that meme that is being co-opted by VCs here
The 'entrepreneur as tortured artiste'
Since the 'starving artist' basically sums up
the ideal sucker for a major label record deal
(ie, weak negotiating leverage)
Its worth being critical of over-adopting the analogy.
(at least, if your the starving artist).
That being said, nothing clears the mind
like no food on the plate.
And a clear mind is what you need to succeed.
You misunderstood me. I never said shooting for billion dollar businesses is the norm across the country but rather in the context of startups, particularly those that YC is most interested in funding.
I'm not debating or necessarily even disagree with what you are saying about founders and their chances of success. But that is not what we are debating here.
The primary debate here is whether Sam Altman's post to his audience makes the right point about his message. I think it does.