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0 pointsloceng2y ago0 comments

Would that most likely be an artifact of not enough in-flow/supply of startups to choose from?

If not, a mechanism to let the other participants anonymously vote and rate and comment such things, and then administrators can look at that data - and see what specific admin(s) was/were responsible for inviting them in, and then address the issue as close to the core as possible might of helped?

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michaelt2y ago

Isn't the whole point of a VC/Accelerator to take investors' funds and idenfity good investments to make, while not making bad investments? Is that not the core of their job?

If the only investments available are unprofitable, you don't invest.

I don't see why you'd introduce a reality-TV-style backstabbing mechanic, just to get the 19 year old founders to do the work the rich, sophisticated investors were supposed to be doing but weren't.

pyb2y ago

They always say that finding great investments is much more important than avoiding bad investments. This is because the upside is unlimited, whereas you cannot lose more than 1X what you put in.

However, Techstars always had an adverse selection problem : the best companies usually prefer to join YC.

itsoktocry2y ago

>This is because the upside is unlimited, whereas you cannot lose more than 1X what you put in.

Well, yes, this is exactly what someone who sells this kind of service would say. Where is the skill, though? Just spray and pray. Eliminating survivorship bias, is it actually successful, on average? Can it beat the S&P?

The upside is certainly not unlimited, and you can lose all of your money before you find a big winner.

>the best companies usually prefer to join YC.

If they are already the best companies, what does YC add? Besides, most of the best companies don't join any incubator.

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buf2y ago

Likely this is true.

I also think that the Techstars staff members were not adequate. Every single staff member had left by the next year. And when I would email the subsequent MDs about anything, I'd get no reply.

locengOP2y ago

So I guess there's a lack of passion-sense of commitment and perhaps an incentives issue.

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