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This. From my YC experience, I know that starting with a niche is good advice and advice they likely would have gotten. Looking at the Launch HN [1], I think t
by phsource 6y ago
This. From my YC experience, I know that starting with a niche is good advice and advice they likely would have gotten.
Looking at the Launch HN [1], I think the question should instead be "has YC lost it's way when its latest company is founded by 4 University of Waterloo students?". When phrased that way, the answer seems obvious, given that YC started out funding current college students in Boston.
Having gone through YC in W19 with Wanderlog (https://wanderlog.com https://wanderlog.com), I think one of its best parts is how it invests in founders who are outside the typical VC hobnob. I remember meeting folks who'd worked in utilities in Texas all their lives, multiple groups of university students taking a leave, and other groups to whom VCs would simply say "you need more traction"
Like most early stage investors, they're not investing in an idea -- they're investing in founders! I do have to say that YC partners probably encouraged the founders to pivot (like we had been told), but the ultimate choice of what to pivot to is the founders'. So like another comment said, cut these 20-year old university students some slack!
[1] https://news.ycombinator.com/item?id=26425318 https://news.ycombinator.com/item?id=26425318
- 908B64B197 6y ago> "has YC lost it's way when its latest company is founded by 4 University of Waterloo students?" It's interesting to see they are branching out to smaller, lesser known more regional schools. Pretty far from their debut in Harvard/Kendall Square.
- 2arrs2ells 6y agoWaterloo is a well-regarded engineering powerhouse & has been well represented in YC going back to my batch (s12 - BufferBox) if not earlier.
- akhilcacharya 6y agoI can’t tell if this is a joke but Waterloo is the Stanford of Canada and is on par with the top American CS undergrads
- 908B64B197 6y agoNever heard of it. Must be a regional thing. Never heard Stanford referred to as the "Waterloo of the United-States" either. But hey, if you say so, I believe you internet stranger!
- birdyrooster 6y agoI hear Waterloo is where all the vampires hang out.