tragicjordan

You don't see the difference in value between someone who has built a company that's making nearly $200k a year vs someone who hasn't?

In that case, we fundamentally disagree, and this discussion is fruitless.

Yeah, I suppose it's a fair point that if anyone's going to moderate this properly it's you guys.

Don't mind my negative commentary - I know this was a difficult day for you, and I appreciate the hard decisions that need to be made.

As a founder, though, I have a very hard time finding groups of other founders who have reached a certain level of success and was very excited to be a part of that. It's very difficult finding something like that and I really hope you guys can consider my ideas here.

Having $15k MRR means you actually are a company. What value am I going to get from people who haven't even gotten to that point yet?

It's a pretty good barometer for success - 99% of founders don't get to that point.

Bingo.

I get that, but there was still some form of vetting - enough to disqualify 2/3 of candidates.

I'm not making a big deal out of it. Quite the contrary - I don't care about Startup School anymore, whereas I did before.

Note to anyone reading this: please build a mastermind group that requires an MRR of at least $15k. I'd pay good money to be a part of that.

How valuable can a forum with 15,000 companies (most of which are bad) spamming their services ever offer any real value? If you're lucky to have a good group you might find value, otherwise it's going to be pointless.

I'd encourage seeking out other, smaller founder mastermind groups - you'll get much more value there.

Agreed. I was excited by the prospect of being a part of a network of other vetted founders.

If they're letting literally anyone in, it's no more useful than every other founders mastermind group on FB.

Huge misfire by YC. Startup School had the chance to be a wonderful network of promising early stage companies - not only that, you've alienated a lot of the promising companies who were properly accepted.

YC simply does not have the stomach to deal with even an ounce of bad press, and it showed today. I would be very wary as a promising company to jump on board with an organization that will probably throw you under the bus rather than go through the fire with you if ever your company, for whatever reason, incites a mob.

I will no longer be applying to the YC accelerator, and from my conversations with other great founders, I'm not the only one.