Why Does Surviving Rejection Mark a Y Combinator Founder?
Garry Tan says 99% of people who apply to Y Combinator end up getting a mortal ego wound by being rejected. The rejections keep him up at night because the wound is not a good thing. Something like a third of the batch, and sometimes half of the batch, will have been rejected before getting in. The number has been going up. People quite commonly apply two to four times before they get in.
Y Combinator is always worried about over-rotating. Being too small can be bad, and being too big can be bad. Garry Tan says there are way more really capable founders being rejected right now. Y Combinator should not ask people to be rejected time after time. A founder who survives the mortal ego wound once, twice, or three times is made to be a founder. A person who cannot be rejected even once, and then hates Y Combinator, should try a different profession. Being a founder requires an absolutely insane amount of resilience, and one rejection comes with a thousand more in every possible way.
A really great founder says they got the decision wrong, then works to prove them right and to prove himself right. Proving them right is what Y Combinator loves. Garry Tan particularly loves funding founders when Y Combinator might have gotten the decision wrong.
People
On this episode
- How Did a Summer Internship Experiment Grow Y Combinator? Transcript
- Why Did Garry Tan Call Going Direct the Counterbalance After Reporters Refused to Publish a Proposition? Transcript
- How Did Airbnb Make Y Combinator Write Bigger Checks? Transcript
- How Did Office Hours Turn Garry Tan Into an Investor? Transcript
- How Did Coinbase Carry Initialized Fund One? Transcript
- What Share of Giant Startups Came From Y Combinator? Transcript
- Why Does Surviving Rejection Mark a Y Combinator Founder? Transcript
- How Many Y Combinator Applications Get Rejected? Transcript
- Why Do Two Y Combinator Years Beat Twenty in Venture? Transcript
- Why Did Y Combinator Stretch the Batch to 13 Weeks? Transcript
- How Did Bathroom Notes Get Airbnb Funded Early? Transcript
- Why Did Y Combinator Build Bookface? Transcript
Related notes
- What Share of Giant Startups Came From Y Combinator?
- How Many Y Combinator Applications Get Rejected?
- How Did Coinbase Carry Initialized Fund One?
- Why Do Two Y Combinator Years Beat Twenty in Venture?
- How Successful Was Y Combinator Aiming to Become
- How Did Y Combinator Fund So Many Startups?
- Why Did Y Combinator Rejected Pat
More with Garry Tan
- What Advice Did Garry Tan Get at Sixteen From a San Francisco Agency Founder?
- What Does Garry Tan Believe About Talent That Most Investors Do Not?
- Does Kyle Still Believe "learning" Is the Most Important Compensation
- Why Did Garry Tan Start YouTube After Casey Neistat?
- How Has Fatherhood Changed the Way Garry Tan Works?
- How Does Garry Tan Say Founders Should Use Chris Dixon's Idea Maze?
Related episodes
- Garry Tan — Building the world you want to live in
- Graham on Start-ups, Innovation, and Creativity
- Jason Calacanis - Entrepreneur turned Investor shares his insight about success, hard work, education, and the future.
- Turning a Side Hustle into a $9k/mo Business, with Pat Walls from Starter Story
- #58: Greg Isenberg on AI Co-Founders, the Multi-Preneur, and Why Anyone Can Build a Startup Now
- Jeff Morris Jr. — Investing in a post-COVID19 future