ecb_penguin 16 minutes ago

I didn't realize how poorly YC startups were managed until I joined one.

It's mostly a ponzi scheme, where unprofitable companies pass their books off to non-technical investors that love hype.

> 1 slide. 1 minute pitches. 1 speaker.

This is why YC has such poor results. They're more interested in "1 slide" vs actual financials.

> Vertical AI was all over the place. Cursor for X was also prevalent.

No thought leadership at all.

pyb 7 minutes ago

"2 on 20" Am I understanding correctly? If every YC startup is shooting for a 20 million USD valuation, that's amazing. Even if not all will make it.

mkagenius an hour ago

Why is this top post on hn within one minute of posting?

  • sillyfluke an hour ago

    I'm guessing the speed with which it received its initial few votes.

    It's a threadbare article with little or no meat on the bone. So it is a little strange.

    • ge96 an hour ago

      Carl Weathers

    • mkagenius an hour ago

      It had literally two votes. Anyway looks like I shouldn't have brought this issue up, getting downvoted

      • sillyfluke an hour ago

        Yeah, you're supposed to email hn instead of posting if you think it's an issue.

        I've seen 3 point new posts up near the top before so I assumed that's what it was. 2 points top of the page is pretty aggressive tho, it might have been a near instant upvote by someone who was interested in the topic.

  • TZubiri an hour ago

    Maybe karma affects post visibility?

    • mkagenius an hour ago

      No, then he would keep posting whatever every day

chickenzzzzu an hour ago

Sounds more like a cattle auction than a place where partnerships are formed to deliver meaningful value to consumers.

  • orsorna an hour ago

    If you aren't already connected beforehand these rituals are a waste of time.

  • echelon an hour ago

    This is market efficiency. That's the very definition of delivering meaningful value.

    The more efficient the capital allocation is, the greater the benefit to the whole market.

    The only weirdness is that these are companies led by founders with "personalities". That's a weird variable to correct for.