Smash Notes

How Successful Was Y Combinator Aiming To Become

While investing 7 times the volume, and 1/100s the amount in comparison to a traditional venture capital firm, Y Combinator was not aiming to be as successful. Paul Graham (@paulg) predicted there would be a lot of failures, if YC were to be true to its goal. However, he said he would be happy with a ~33% success rate, which meant most of the startups would fail.

EconTalk Archives, 2009 · Graham on Start-ups, Innovation, and Creativity · at 2:35 · ·Transcript

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