Sunday, March 11, 2007

YCombinator Could Have Hated My Idea But Loved Me. Oops I Meant the Other Way Around.


IMG_2690
Originally uploaded by allen074.
Little tidbit post from the Kiko founders (the calendar guyz that sold on ebay for $250k-esque ? : maybe their earnout/consulting handover is completed... I wonder if they are being funded by Y-Combinator again with their "bigger idea" ?...)

Anyway reading their post describing Y-Combinator preferring people over ideas, which is really closer to graduate/early stage employee hiring practices ala the google/microsoft way. ('we prefer to get people before they have been too affected by work' is a classic mckinseyesque line and why they hire graduates from all university disciplines not just business, finance etc) We all get told the stories about how companies set a strategy, but learn thru real marketplace feedback but still charter their jet from A to B even if the course changed.

I wonder if YC fund people they think are "wicked smart" who pitch 'just an aberration' bad idea ? Basically Y-Combinator is a singular business with these micro-decentralised cells with $6K per founder (minimum of 2) who need to pass demo stage, and then either ebay kiko or reddit conde nast' it. And with a low cost/funding model, it's smart. If it doesn't work you just sell more books about the experience of Founders at Work. (a book im hanging to get...) Techcrunch here on the new YC spring chicks with have a post myspace/youtube feel focused on Google Apps product suite gaps. (eg powerpoint)

JKanstyle :
"Be open to changing your idea. It’s hard to hear someone say they don’t think your idea will work. But it might happen. Y Combinator primarily looks for smart people, not ideas. If they interview a team of smart people, with an idea they think is bad, they might suggest you work on something similar to what you proposed, or change the idea slightly."

SOME OF THE NEW Y-C PLAYZ. (Ajax Blog)

Buxfer
buxferlogo1.pngBuxfer is Quicken for 20 somethings. As we covered before, it solves a problem similar to Billmonk, but with more advanced features. Buxfer tackles the unique needs of young people trying to find out where all their money evaporates to and reign in their expenses. To date, they’ve been tracking $8.4 million in over 30,000 transactions.

Socialmoth
socialmothlogo.pngSocialmoth is a community to post your thoughts anonymously. You can view postings (mostly gossip and secrets) from the whole community as well as get updates for when someone in your group of friends makes a post. The vast majority of their members appear to be women, with over 600 posts being made per day.

Zenter
zenterlogo.pngZenter is an web based presentation app that promises to really take advantage of being online. Users will have the regular functionality of PowerPoint, but with the ability to directly add content from the web (Google Images).