Y Combinator Day, Pt. 1

by mattjaynes • 19 years ago

23 17 19 years ago

Leonidas2• 19 years ago

Good luck to you. I'm nervous for your guys! The Y team seems to be people you can talk to, I guess that's why they're so attractive to entrepreneurs.

Either way, very exciting

JohnN• 19 years ago

good luck!

Sam_Odio• 19 years ago

Good luck, let us know what the decision was!

jsjenkins1682• 19 years ago

Thanks for the valuable info. Our interview is in less than 2 hours.. Talk about being nervous hah. Good luck on getting funded.

russ• 19 years ago

You must have heard from YC by now? What's the verdict? I can't take the suspense!

jsjenkins1682• 19 years ago

We unfortunately did not get funded. Ironically, we suspect it was at least in part due to more of a strategic "political" reason than an insufficient idea. Our startup would have directly competed with a prominent current YC funded company which for obvious reasons is undesirable for YC, despite the fact we believe our approach is superior from a technical standpoint. The argument was that this current company is already "well established" and might already have momentum to expand into the area we proposed. They certainly aren't doing it yet though, and we build fast and never give up. I'm sure Larry and Surgey were told the same thing from investors about Altavista. History shows being "well established" doesnt mean squat. I wont get into any more specifics though, as we are still pursuing the idea and would like to keep it under wraps.

Paul, Jessica, and Trevor are really cool people though. As were the other teams present. We saw some good ideas and smart people. Without a doubt the next batch of startups will be very impressive. I wish all of those teams who were offered funding the best of luck!

jason13• 19 years ago

so your trying to help people share live streaming video. It would really help to have a video camera with a decent bandwidth connection to the internet to do that.

gyro_robo3• 19 years ago

The argument was that this current company is already "well established" and might already have momentum to expand into the area we proposed.

Makes you wonder why they dragged you out there then!

Leonidas2• 19 years ago

At least you got to meet the Y team and the other cool Y applicants.

Keep working on your startup and best wishes!

SwellJoe• 19 years ago

Most investors do not invest in competing or significantly overlapping companies. There are a few exceptions (Ron Conway), but it's rare enough that they feel like making that clear on every possible occasion.

gyro_robo3• 19 years ago

Condolences to anyone who got an interview and then was turned down. That bites more than not getting an interview.

brent• 19 years ago

On the contrary. We got an interview and rejected last fall. It was a great experience to meet the four of them. I think we brought a great idea, a plan, and little diversity in our team (I was the only geek in our garage). We were swiftly rejected for reasons I'm not entirely sure , but thats why they have the money and I don't! At the least, Boston made for a great weekend getaway.

mattmaroon• 19 years ago

Thanks for all of the well-wishes. Pt. 2 was posted this morning.

Y Combinator Day, Pt. 1

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