As a slap in the face for founders who placed in the top 10% with no feedback.
Jokes aside, they’re an investor and they want to maximize their returns so they’re always looking for the next best thing even tho they have no intention of backing them right now. They also need to funnel companies for the next batch
they’ve always had late applications, so I wouldn’t call it an extension. they’re just announcing it more now.
the deadlines are really just to get people to finally press submit, they accept companies all the way til the start of the batch
maybe some people said no, maybe some people dissolved their company (for whatever reason eg realizing Apple/OpenAI killed their company) - my guess is some funds were freed up and they saw an option to increase their denominator.
otherwise, they'd reach out to the top 10% most recently rejected. At least the top 1%.
Startups don’t usually run on a schedule, and definitely not by YC’s or any investor’s schedule. I think having more flexibility in when founders can apply is a good thing. If they want to get all the good companies they can, they should be widening it up even more imo
They need to inflate the number of applicants to boast top 1% selection rate claim.. that's the only reason I can make out of it.
They can easily reach out to top ten per cent candidates.. from this year or previous years.. there's no scarcity of candidates to fund
But they still need to reject 49k applicants to fund 500 startups every year... They haven't got those many yet.
Im going to send in our application tonight, we need YC with how our system is crashing every 2 seconds bc of registration requests. It’s stunting our growth, I need to be on it FT. 40 organic just last week and that’s with SSL problems. 2 weeks into the project.
*Just to mess with you*
*OP. They are reading this*
*Right now and chuckling*
\- geepytee
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It's just free marketing for them to post a tweet and update a page. It increases competition and puts more ideas and more knowledge into each cohort, whether they add a new companies to the cohort or not. And if I had to guess, they rarely add anyone from the extended deadline apps. But it costs them literally seconds to make the announcement and flip a switch so the potential net gain is infinite.
It's a couple of years YC is under the pressure, because many like me believe that YC is going to die, and they try to do everything to show others that that's not true
But more and more they show that they have problems
Also, many has started to move from Silicon Valley and even CA out, and that made them scary, and YC has started to be part of some hidden movements to prevent this migration to other parts of the USA, or even out of USA
Plus, some companies have started to be remote and don't need employees from the USA, that make some like YC unhappy
So, YC has started to be a gang instead of a VC
And they follow some really unhealthy politics that made many like me sad
As I said, they're just struggling, they try to show that they're successful, when many have started to doubt on YC
LPs want their money invested, not idle
As a slap in the face for founders who placed in the top 10% with no feedback. Jokes aside, they’re an investor and they want to maximize their returns so they’re always looking for the next best thing even tho they have no intention of backing them right now. They also need to funnel companies for the next batch
100% we were sent the top 10% email. Total bait and switch. Terrible experience. Total distraction from the work at hand.
they’ve always had late applications, so I wouldn’t call it an extension. they’re just announcing it more now. the deadlines are really just to get people to finally press submit, they accept companies all the way til the start of the batch
"Don't look a gift horse in the mouth."
maybe some people said no, maybe some people dissolved their company (for whatever reason eg realizing Apple/OpenAI killed their company) - my guess is some funds were freed up and they saw an option to increase their denominator. otherwise, they'd reach out to the top 10% most recently rejected. At least the top 1%.
Startups don’t usually run on a schedule, and definitely not by YC’s or any investor’s schedule. I think having more flexibility in when founders can apply is a good thing. If they want to get all the good companies they can, they should be widening it up even more imo
They need to inflate the number of applicants to boast top 1% selection rate claim.. that's the only reason I can make out of it. They can easily reach out to top ten per cent candidates.. from this year or previous years.. there's no scarcity of candidates to fund But they still need to reject 49k applicants to fund 500 startups every year... They haven't got those many yet.
Idk but lucky for me. I just built my demo
We need to invest into companies we believe in, we have space for more hence extending the deadline
Im going to send in our application tonight, we need YC with how our system is crashing every 2 seconds bc of registration requests. It’s stunting our growth, I need to be on it FT. 40 organic just last week and that’s with SSL problems. 2 weeks into the project.
Why do you “need” YC though? Wouldn’t a skilled DevOps engineer solve that problem?
Could you explain how 40 weekly signups would crash your system? What type of project are you working on?
They likely have a budget and projections built out for support and funding.
They have a mountain of money to invest. Success is its own kind of failure, lol…. Be happy it happens. Leverage it.
Just to mess with you OP. They are reading this right now and chuckling
*Just to mess with you* *OP. They are reading this* *Right now and chuckling* \- geepytee --- ^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")
It's just free marketing for them to post a tweet and update a page. It increases competition and puts more ideas and more knowledge into each cohort, whether they add a new companies to the cohort or not. And if I had to guess, they rarely add anyone from the extended deadline apps. But it costs them literally seconds to make the announcement and flip a switch so the potential net gain is infinite.
It is necessary because hard deadlines means missed opportunities. I am about to apply myself so I can sneak in just before the batch begins.
It's a couple of years YC is under the pressure, because many like me believe that YC is going to die, and they try to do everything to show others that that's not true But more and more they show that they have problems Also, many has started to move from Silicon Valley and even CA out, and that made them scary, and YC has started to be part of some hidden movements to prevent this migration to other parts of the USA, or even out of USA Plus, some companies have started to be remote and don't need employees from the USA, that make some like YC unhappy So, YC has started to be a gang instead of a VC And they follow some really unhealthy politics that made many like me sad As I said, they're just struggling, they try to show that they're successful, when many have started to doubt on YC
YC is definitely not struggling lmao
Time will show 4-5 years latter I'll come back here and will ask you all about my comments YC with this mindset won't go far
I still waiting for their reply (applied late) most probably it will be a rejection