I find it amusing that the above article, and most I've seen, are primarily written to app developers.
- “what about building [feature].”
- "What is your DAU as of today?"
- What actions are you taking to grow it? Homepage testing, funnel optimization, doubling down on a marketing channel?
I mean... YC has founded many companies that have nothing to do with applications, or even daily users... nuclear energy, shampoo, growing food, battery technology and manufacturing, energy storage, cancer research...
Then the typical buzzwords/phrases
- demonstration of the great synergy
- on-paper synergy
- What is your DAU
- funnel optimization, doubling down on a marketing channel
Which is funny because the article itself says 'Don’t use jargon'.
I often think folks in the Bay Area/Silicon Valley/tech in general have any idea how the vast majority of the country, and world, live and actually do business. From throwing out technical jargon, assuming everyone knows what it means, then advising people NOT use jargon... to wanting everything incredibly brief 'one sentence, one sentence!' to being absolutely cold and inefficiently calculating...
It scares the hell out of me. We have all these 20 to early 40 something people, with millions and billions of dollars, with the bulk of the investment money at their command, deciding what future will be built for the world in cold emails and 10 minute rapid-fire interviews.
YC and YCR have done amazing things but this machine-like, cold, calculating, no-time-to-waste, wham-bam-thank-you-ma'am approach to life, seeing everything as a potential return, throwing in rejection letters things like "then it would be hard to for this to also be a billion dollar company" (again, that would mean a 46,666% return on investment) is terrifying.
I get it, YC needs to make money. They have investors they have to answer to that expect fantastical returns that beat the market but... for crying out loud... telling companies "you won't make us 70 million dollars in 5 years so hit the bricks" *cringe*
HOWEVER, if you look to YC’s history they “didn’t start it mainly to make money” yet now making MASSIVE returns seems to be the name of the game: