> It's like a startup scene but how things used to be done before YC.
Jeebus. Things aren't better or worse after YC, they're just different. YC is the same kind of content farm as Netflix. It's not that YC can't produce great startups, it's that so many "dumb money" investors rely heavily on YC as an initial signal that it's (1) more difficult to succeed if you're not YC and (2) if you are YC and fail (statistically likely), you are blackmarked in a pretty terrible way. Many businesses take multiple iterations to succeed.
YC was great when it had 30 great founders in the same way Netflix was great when it first aired Black Mirror. We have to find more robust funding models for promising teams (in all verticals) that don't get compromised by immediate cashflow requirements. Or else we end up with a Miley Cyrus Disney-Ending Black Mirror episode that... we... liked... but what happened to the dystopian horrors we thought we were paying for?
I think you are missing my point. YC model hasn't changed probabilities of success for startups too much. It has, however, democratized who can do startups. I don't have to have friends in VC circles, I don't need to visit dozens of VC offices, I don't get term sheets that takes away 20% of my company, I don't have board members who dictates and vetos over my vision. This is a big deal and huge improvement over older model - it's not just "different".
Jeebus. Things aren't better or worse after YC, they're just different. YC is the same kind of content farm as Netflix. It's not that YC can't produce great startups, it's that so many "dumb money" investors rely heavily on YC as an initial signal that it's (1) more difficult to succeed if you're not YC and (2) if you are YC and fail (statistically likely), you are blackmarked in a pretty terrible way. Many businesses take multiple iterations to succeed.
YC was great when it had 30 great founders in the same way Netflix was great when it first aired Black Mirror. We have to find more robust funding models for promising teams (in all verticals) that don't get compromised by immediate cashflow requirements. Or else we end up with a Miley Cyrus Disney-Ending Black Mirror episode that... we... liked... but what happened to the dystopian horrors we thought we were paying for?