A year ago, YC went from running 2 batches / year to 4 batches / year. We did this because we wanted to give founders more flexibility to do YC at the right time for them. It seems to have worked - a lot of founders have told us that they were only able to do YC because the new schedule fit their timeline.
Early Decision was driven by the same motivation. We talked to a lot of college students, and we learned that most graduating seniors interview for their after-graduation job in the fall of their senior year. For the ones who are interested in doing their own startup, this creates a bit of a dilemma. If they don't interview for jobs in the fall in order to apply to YC later, they're risking that they might be left without any options.
We created Early Decision so that they can apply to YC at the same time they're doing recruiting for regular jobs, the fall of their senior year. If they get into YC, they can confidently turn down their other job offers without worrying they'll be left without anything.
Note: this isn't really a new idea. We've quietly done this from time to time since 2018, but we didn't create a dedicated flow in the application software for it, so most people didn't realize it was an option. Hopefully by productizing and popularizing it, we'll make it easier for college seniors to start companies.
cassonmars•4mo ago
There's many founders in the country who are just as driven and motivated, but have real-world situations that cannot allow uprooting themselves for several months, two very common ones:
- new parents
- disabled family members, or are themselves physically disabled
The discourse on Hacker News has frequently chastised companies demanding RTO, and some of the companies in your portfolio are remote-first (or remote-only), why does YC make the same kind of RTO demand with batches?
_--__--__•4mo ago
aetherspawn•4mo ago
dang•4mo ago
DonHopkins•4mo ago
https://www.youtube.com/watch?v=GmFoNXkQTt8
https://www.youtube.com/watch?v=kkZ8MAk2oH4
https://www.youtube.com/watch?v=-Z-_py5WgOM
snowmaker•4mo ago
But I think it would be a better analogy to compare YC to a university, rather than to a company. It's true that many companies operate remotely very effectively. But essentially zero universities have stayed remote since the early days of the pandemic.
repeekad•4mo ago
user_7832•4mo ago
skeeter2020•4mo ago
throaway5445454•4mo ago
repeekad•4mo ago
You mean those spending levels?
vasco•4mo ago
Plus if rich fucks can't buy a building to put their name on that kids will walk through they won't donate money.
You make it sound like it's a decision based on school administrators putting learning first.
monero-xmr•4mo ago
Then I started another. Horrible failure! Then another. And another!
And now I own a successful company built off all my previous learnings and failures. The “rich fucks” work for me now!
vasco•4mo ago
monero-xmr•4mo ago
ttoinou•4mo ago
skeeter2020•4mo ago
This is not true. I know several people at different institutions - decent schools - that have most or (in one case) all of their courses (at Queens) via remote delivery.
arjunven•4mo ago
NetOpWibby•4mo ago
paxys•4mo ago
edoceo•4mo ago
YC is so early on some of these deals that the primary gauge is team - which means personality of founders. Very hard to measure remotely.
I'm in a group, not as big or famous, that does early checks. We're 95% remote. IME, it's so hard to make those judgement calls through web-cam.
Agreed that founder focus is a big factor and that life gets in the way (of deals). However, if you don't like YC conditions there are 100s of other places to (attempt a) raise.
nhumrich•4mo ago
edoceo•4mo ago
We're just addressing different steps.
nhumrich•4mo ago
aetherspawn•4mo ago
NetOpWibby•4mo ago
westurner•4mo ago
> Asset Value = Equities + Liabilities
> /? startupschool pricing: https://www.google.com/search?q=startupschool+pricing
/? site:startupschool.org pricing: https://www.google.com/search?q=site:startupschool.org+prici...
> Startup School > Curriculum > Ctrl-F pricing: https://www.startupschool.org/curriculum
YC Library: https://www.ycombinator.com/library
/? YC Library : pricing: https://www.ycombinator.com/library/search?query=Pricing
Maro•4mo ago
solumos•4mo ago
morpheuskafka•4mo ago
Moreover, for better or worse, the all day every day work culture typical of venture-backed startups isn't really compatible with being a new parent etc. anyway.