Paul and Jessica are always saying how they regret that they have to turn down so many great groups of founders.
Where do we say this? We often turn down groups with good founders for some other reason (they can't quit their jobs; there's only one of them; their idea isn't quite there yet) but we've never turned down a group that had everything right because of lack of space.
they are only able to fund 10-20 every 6 months
At current rates we fund 42 startups a year. But that number has been increasing by about 50% a year.
My bad. I didn't mean to put words in your mouths, and re-reading my post... it does sound pretty snarky. Sorry about that. I certainly didn't intend for the post to be a criticism of YC or imply that you're not funding enough people. I'm actually impressed by how well the process seems to be scaling.
Please don't take it personally, because most of the proposals we rejected, we rejected for reasons having nothing to do with the quality of the applicants.
Please don’t take a “no” from us to mean anything more than there happened to be other applications that interested us more. We get a lot of applications and it’s always difficult to choose who we’d like to interview in person. We admit that our review process is “fraught with error.” I’m sure there are many people that we’ve passed over for funding that went on to start promising companies—and there will be many more.
I wasn't aware that space was not a limiting factor. I'm actually shocked that it isn't with as much press as YC has been getting. I figure you'd be overwhelmed with applicants by now.
I was primarily trying to make an observation that the market for would be founders seems to be heavy on the supply side these days. And, while YC is certainly the alpha dog in early, stage funding, it seems like the supply side of the founder equation is rather large, and getting larger. I could be wrong.
Where do we say this? We often turn down groups with good founders for some other reason (they can't quit their jobs; there's only one of them; their idea isn't quite there yet) but we've never turned down a group that had everything right because of lack of space.
they are only able to fund 10-20 every 6 months
At current rates we fund 42 startups a year. But that number has been increasing by about 50% a year.