Any plans to have one in a "no visa required" location for people from other parts?
The struggle and stress attending YC interviews puts on Nigerian founders is - to put it mildly, very unfair.
Rwanda, Ethiopia and Kenya are 2 countries with visa on arrival for everyone and a great air network.[1]
Or are you saying that once you get in then getting the visa is worth the time, but it isn't worth it just for the interview?
Once you get into YC, you can take your time and it is easier to make a case at the embassy.
First of all, the US visa spaces are fully booked. The next open interview slots are somewhere in April so instead of founders trying to prepare for their YC interview, they are spending an enormous amount of time trying to get an earlier slot for a US visa interview.
After managing to get a slot it is another many days of preparing and hoping not to be rejected.
It costs at least $200 per interview in a country where the minimum wage is hoping to be increased to $80/month later this year.
All this is happening as their contemporaries from US and Europe only have to book a flight in 5 mins and return back to preparing for their YC interview and building their startup.
The world is flat indeed!
Visas for “I just wanna go to USA for a meeting” are harder if you aren’t from a visa waiver country.
(funnilly if you are from visa waiver land, getting visa after acceptance is more work than for the interview because you actually need one)
If YC is serious about finding the next wave of Unicorns, they should really be doing a lot more to accommodate Indian and African founders.
I remember PG saying NYC had clearly overtaken Boston as #2 startup up in the US, partly because Boston investors were more risk averse and focused on the late stages. Then he asked whether NYC could rival the Bay Area for #1.
I don't think he made a definitive conclusion one way or another. I even remember him saying the unstoppable force of the startup revolution would hit the immovable object - that NYC is already known as many other hubs (finance in particular).
The one concept that stood out was his argument that "chance encounters" with people who can help your startup are crucial. Good luck sometimes hits when you least expect it, but NYC at the time didn't have all the ingredients in place the way the Bay Area had. A month later he wrote this down more formally in "Why Startup Hubs Work"
I know multiple people, directly and indirectly, who have been caught by this. Knowledge of this problem contributed to my desire to move from New York to California. Most of the stories of squashed startups will never be heard because they never got anywhere. But it limits how dynamic New York's startup ecosystem can become.
This is not to say that there won't be successful startups. Just fewer than they would have been. And people who you'd want to be able to start them, are shut out.
(Side note: Eric Weiner wrote a Malcolm-Gladwell-like book "The Geography of Genius" on a similar topic; for a funny but insightful review see this review [2] where the reviewer terms this genre "American-Folksy")
These effects do shift, e.g. as mentioned in the article, Florence was the place to be for art during the Renaissance, but not so much today. NY is a big city that's constantly reinventing itself, and the gravity of tech importance has been moving toward NYC for a while now.
But as of right now, SV is still dominant.
[1] http://www.paulgraham.com/cities.html
[2] https://www.amazon.com/gp/customer-reviews/R3KMN29SZX9ZKS/re...
Like this snippet:
> How many times have you read about startup founders who continued to live inexpensively as their companies took off? Who continued to dress in jeans and t-shirts, to drive the old car they had in grad school, and so on?
Maybe it was doable in 2008, but the idea living "inexpensively" anywhere near SV just is laughable. Nobody is going to save more on clothing and cars than you will lose on rent. Even living in Brooklyn would get you significant savings over most places equally close to SFO.
Another interesting factoid he called out also has me wondering about the long-term implications of SV becoming the main magnet for startups:
> The power of an important new technology does eventually convert to money. So by caring more about money and less about power than Silicon Valley, New York is recognizing the same thing, but slower. And in fact it has been losing to Silicon Valley at its own game: the ratio of New York to California residents in the Forbes 400 has decreased from 1.45 (81:56) when the list was first published in 1982 to .83 (73:88) in 2007.
Seems to me like the trend of the extremely wealthy concentrating in California may not necessarily be a positive thing for creating an environment that can sustain ambitious people who need a place they can live cheaply while building things. Though I would be very curious to see what those numbers are looking at today.
All that said, his analysis of why he liked SV seems like it made sense at the time. It just clearly couldn't scale.
This does make me more confident about my decision to move back to Raleigh though. The "eavesdropping" thing he mentions is actually pretty great there, Durham and Raleigh have a very diverse and well-educated populace. People who don't think there are ambitious people around those parts must not run in the same circles as I do. I know more people building their own companies or side projects or just learning and building things for fun there than I could find in Seattle. It's hard to get funding there for sure - not so many super rich people around to hit up and perhaps outsiders misinterpret the more practical aims of local ambition as lack of ambition altogether. But while SV and NY and LA may send the strongest messages about power, money, and fame, I feel better than ever about being in the "Esse Quam Videri"[1] corner of the world instead.
[1] State motto of NC, translates to "To be, rather than to seem".
>A friend who moved to Silicon Valley in the late 90s said the worst thing about living there was the low quality of the eavesdropping. At the time I thought she was being deliberately eccentric. Sure, it can be interesting to eavesdrop on people, but is good quality eavesdropping so important that it would affect where you chose to live? Now I understand what she meant. The conversations you overhear tell you what sort of people you're among.
IIRC, he went so far as to say that NYC would never be able to offer the community and serendipity of being surrounded by so many fellow entrepreneurs. And that NYC was too tainted by its banking culture and the drive to make money.
Of course, everyone is entitled to their opinion. NYC has come a long way!
Now that they're expanding to do some interviews on the East Coast again, they're doing them in NYC, rather than Boston.
- NY is far easier to get to Boston from anywhere else on the east coast - flights, busses, trains, etc. Much less Europe.
- While the amount of total VC dollars invested in each city is similar[0], I've always gotten the impression that figure is skewed by a small number of mega-rounds going into the biotechnology companies in Kendall Square vs. the number of companies in the wider ecosystems.
- NY is just a better city to visit. More public transit options, hotel rooms, things to see while you are in town for the interview, etc.
I love Boston, but I'd make the same decision.
[0] https://techcrunch.com/2018/08/04/boston-area-startups-are-o...
Second thought - I need to get my butt into gear ...
Good luck, and keep up the good work :-)
I’ve interviewed twice, failed both times, but continue to grow my business. Those connections I’ve made - during the interview day - has actually helped me and opened new opportunities.
I’ll be interested to know if this changes the dynamics at all.
> The deadline to apply to meet us in NYC is Friday, February 15 at 8pm PST.
Damn. I'm applying for YC Summer 2019 (with a new company based on feedback from my previous in-person interview) for March 25.
I'd much rather interview in NY, but having the deadline pushed forward to 4 days from now is faster than I'd expect.
https://techcrunch.com/2019/02/11/yc-is-hosting-interviews-i...