This Week in Startups YC brings on Garry Tan as President, Apple's AR plans, Bored Apes at the VMAs | E1547
Aug 30, 2022
Garry Tan's return as CEO of Y Combinator sparks discussions on its potential to reshape the startup ecosystem. Apple hints at groundbreaking AR goggles with recent trademark filings, raising excitement in tech circles. Meanwhile, Eminem and Snoop Dogg's performance as Bored Apes at the VMAs showcases the intersection of pop culture and NFTs, bringing both applause and critique. The conversation dives into the broader implications of these events on investment strategies and the future of digital art.
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VC Jealousy of YC
- VCs often criticize Y Combinator out of jealousy for their early-stage deal flow.
- YC's strategy empowers founders, sometimes manipulating investors, which irks some VCs.
The Dentist Angel
- Jason Calacanis recounts meeting a young angel investor at YC whose dentist father funded his investments.
- This illustrates how easily VCs can be replaced by individuals at the early stage.
Compete, Don't Complain
- Instead of complaining about YC, VCs should create better products to compete.
- Build new offerings for founders, like Sequoia's accelerator, to offer alternative paths.