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"At the time, we were actually racing another company in our Y Combinator batch. It was called Simply Insured. Originally it was fairly different from us, but a
by jmjerlecki 11y ago
"At the time, we were actually racing another company in our Y Combinator batch. It was called Simply Insured. Originally it was fairly different from us, but about halfway through YC the founders decided that they wanted to do what we were doing, and the company pivoted into our market."
One of the more interesting parts of the article. Not sure how you prevent or discourage that.
- falsestprophet 11y agoWhy would you?
- Procrastes 11y ago> Not sure how you prevent or discourage that. Having a dragon chasing you is a great motivator.
- hkmurakami 11y agoVCs typically don't want to have two companies in the same space in their portfolio due to conflict of interest. I wonder if YC has an analogous desire.
- saurik 11y agoPaul Graham once responded to me asking a similar question. https://news.ycombinator.com/item?id=7180744 https://news.ycombinator.com/item?id=7180744