Y Combinator Startup Podcast The Truth About Y Combinator
Nov 29, 2022
Dalton Caldwell and Michael Seibel discuss the mixed expectations of founders in Y Combinator, shedding light on the program's robust support and resources. They debunk common myths surrounding YC, emphasizing its unique community benefits. Insights into the music and tech industries reveal the hidden motives behind networking. Additionally, they explore the challenges of fundraising, warning against exploitative advisors and the importance of self-reliance in startup funding. The conversation encourages founders to focus on building their businesses independently.
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YC as a Product
- YC is constantly evolving and improving like a product, not static like a university.
- This means that what worked in the past might not work now, and YC is always adapting.
Pre-Seed Round Before YC?
- Some founders raise a pre-seed round, give away 30% of their company, and then apply to YC.
- Michael Seibel questions this approach, favoring founders with cleaner cap tables and fresh perspectives.
Trust YC Alumni
- Be wary of strong opinions about YC from people who haven't participated.
- Value the advice of YC alumni over those who lack firsthand experience.