It's not quite fair to write a post full of optimism and entitlement and then not follow up on it when I'm proven to be wrong. So here it goes: we didn't get an interview with Y Combinator.
I still think we're exactly what they're looking for, whether our application accurately conveyed that or not, but the fact is that we got the rejection letter today. I wasn't quite sure we'd make it past the interview round, but I never really considered that we may not get an interview.
Surprised as I am, there's no point in dwelling on the outcome, so this is the last you'll hear me mention YC until we become a company they wish they invested in, at which point I may or may not reserve a sentence to gloat.
That leaves us with the future. I'm a strong believer that anyone can deal with a good situation, but what defines someone is how he reacts when things don't go his way. It's in these situations that I pay extra attention to make sure that I'm making good decisions, and not reacting emotionally.
Our reasons for applying didn't include the money we would have received. In fact, our plan was to reject the money and counteroffer a smaller percentage of the company. If we needed investment money, we could get it quickly and easily from people we already know.
What we lack now, and were hoping to find in YC, was some guidance from people familiar with the startup game. We know that that there's a need for our product, and we know how to build it, but we're inexperienced with things like scaling, funding, launching, hiring talent, etc. It would be nice to have a team of people we could consult who have dealt with these issues.
Of course, these people are out there. I should probably learn my lesson from this and not get excited about things out of my direct control, but I have some ideas on who might be interested, and have already made contact with one guy who built a far bigger business than any YC company. My next step is to figure out who the dream team is, and do my best to get them on board.
Beyond advice, I secretly liked the structure that YC would have provided. There would have been meetings every week with peer pressure keeping me accountable. There would have been a defined timeframe. As nice as these things would have been, the truth is that I only need them to compensate for a weakness I've developed: a lack of accountability. The proper solution isn't to rely on others, but rather to rebuild my accountability and structure, which isn't unfamiliar territory for me or my cofounder.
So that's where things lie. Some people think that everything happens for a reason; I think that if you do your best with everything that happens, you never have a reason for regret.
In other news, four friends and I go on a cruise from Florida to Rome via the Azores, a bunch of places in southern Spain, and Monaco. Mostly looking forward to working a lot and playing poker every night!
MY BROTHER HAS LEFT AFGHANISTAN! I found out on the same day we got rejected from YC, which helped put things in perspective. Him coming home safely is a lot more important to me. I'm proud of him for going and doing what he committed to do, but mostly just happy that he's safe.
TaskSmash codes (no, that's not my current project. just something I made for myself and friends)
Tynan, please clarify something for me here. Now, you make a blatant effort to market your talents in 'logic,' and I have no reason to doubt you.
But, this is where I need clarification:
Based on your last two posts on this subject, I am making the following assumptions.
A) The most value of Y Combinator comes from the community and the advice.
B) You're product was designed/described to be "exactly what Y Combinator" is looking for.
C) The 20K in funding that you need to continue development is 'boring.' Dinners that last half a day are 'exciting.'
Okay, so - if you think you're creating something 'big' because your product is 'exactly' what this firm is looking for, and Y Combinator is an authority in that space (I have no argument there).
And the advice is worth more to you than the 20k needed to develop your idea.
Then maybe you need to 'reframe' the rejection letter as 'advice.'
They have probably put more resources towards that one piece of personalized feedback then any q/a response that you will receive at a 'weekly half-day dinner.'
It sounds to me like you are in "The Dip." It is more logical to push through, or shift your focus.
You won't get an answer by pushing 'Go!' you actually have to think about it.
If I was you (or a potential investor), I would wonder: If Tynan thinks that he understands the direction/needs of the market better than Y Combinator, then why was he so 'excited' to receive their advice in the first place?
And if Tynan is as 'rational' as he thinks he is, why is he posting an emotional blog post on a subject as serious and this? Does he realize that this isn't a casual conversation with friends, but the whole world can read this?
Is he aware of how this information may effect other people/entities, and if so, what is his objective?
Those are the kind of thinks that I think about, but I don't want to judge you at face value.
My thoughts: I think that they probably have access to information that you don't.
Just like Obama, per your criticisms of political commentary in casual conversations.
I'm sure that this is confusing to you and it's hard to see the value in the situation since you have invested so much time and energy into your idea.
So let me give you some advice of my own. No charge. Straight from "the source."
First - stop frantically working, step back, 'zone out' for a few minutes and think about what's going on.
Advice: Maybe your analysis of Y Combinator was accurate, but they are projecting a change in the next few years that you don't have the perspective to see, yet.
However, if you can identify what that change is, you can get a head start and start developing something around the new model.
This piece of feedback they gave you could put you way ahead of the curve in a year, but you have to stop pushing 'Go!' and spend some time thinking about your next move.
Since you haven't received any funding yet, you don't have any obligations to investors. Take a few weeks to settle your mind, and come up with a new idea.
Once you put something together, you will have more credibility with Y Combinator, and less competition.
You will definitely be better off that if you piece together 20K from inexperienced investors.
But you are a smart guy with access to a lot of knowledge, so you've probably already realized that.
Anyways, I mean no disrespect. Just starting a conversation.
Yo Tynan. YC is just one of many incubators. I hope you're getting in contact with the others like 500 startups etc and ones in europe. Less well known incubators will hopefully take less equity too.
I was rejected by YC too. I didn't give up because I see my idea being launched by a company with deep pocket. The company and I just happen to have same idea. Therefore, I know the rejection from YC maybe is a self-interest and my idea was good that a multi-billion company roll out the product which validated me.
When are you going to just let readers join your site. This is getting really annoying trying all the codes...
Is it possible to find out why they rejected the application? This kind of preparation needs postmortem if it does not work. If you have already done that can you post the details without revealing crucial details about your idea
I logged into my stock account the other day and realized that contrary to my previous claim/strategy of investing solely in Warren Buffet's Berkshire Hathaway, I had no Berkshire shares left. Time for an update, I reckon.
So what happened? Nothing against Berkshire, for sure. I sold almost all of my shares at a profit, and I still have full faith in the company. But sometimes opportunities come along that are too good to pass up, two of which I'm currently invested in.
Originally posted on the CodeCombat blog.
What a crazy weekend! We launched our beta on Friday morning by posting to a few subreddits hoping to pick up a few more interested users who could play through our levels as we started to release new ones with the level editor we just finished. But we were not prepared for how many people would come check it out. We stayed #1 on all three subreddits for over a day, amassing 1466 points, 384 comments, and far too many players for our real-time multiplayer server to handle (forcing us to shut off the multiplayer and all server code synchronization). And that’s all before we were crushed the next day by what appeared to our beleaguered Scott as all of Brazil, or at least every Brazilian on Facebook. (Olá!)
With all the chaos trying to keep the server up and the bugs down, we slept little and prepared for the next day’s Startup School even less. We had been tapped for on-stage Y Combinator office hours with Paul Graham and Sam Altman. We watched a video of previous on-stage YC office hours and concluded that “office hours” really meant “eight minutes of two of the smartest startup guys in the world demolishing your idea in front of 1700 entrepreneurs and a live video stream”.
Fortunately for us, they liked our startup and were much nicer than we expected. In fact, as we were walking off stage thinking, “Hey, that went well—maybe we’ll get an interview!”—then Paul whispered something to Sam, who nodded, and they called us back.