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Comment by rohansingh

5 years ago

As someone who unsuccessfully applied for YC W21, and who also launched a product on Kickstarter in the last month, I'm going between "kind of funny" and "I'm so confused".

We didn't make it into YC, though I did get the "you were in the top 10%, please consider reapplying" email. I thought I had some idea of why we didn't make it, and what I'd change if and when we were to reapply. Hell, given that our business has grown a ton, I figured we'd have a strong application.

But seeing this makes me think that I might have some really fundamental misunderstanding of the application process.

8 comments

rohansingh

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jeffreygoesto  5 years ago

You might give it a positive spin and be proud you grow and make it without the need to pay investors later?

nikanj  5 years ago

YC is a form of VC, and first and foremost validates "Will this make good returns?", not "Is this legit".

  • Rastonbury  5 years ago

    Are you serious? Legitimacy (not being a scam) and ability to execute contribute heavily to successful outcomes. Any VC who invests in every shady startup claiming to become the next Google/FB is gonna go broke

    • nikanj  5 years ago

      Seems like Theranos, UBeam etc have no trouble raising money, despite every domain expert saying their goals are impossible according to our current understanding of physics

      3 replies →