They say they just admit smart people. So 3 friends from MIT get in to YC, and at the first office hours said friends tell the YC partners they are working on a startup that starts startups. Awkward.
Deel was founded in 2019 and, in Rippling's opinion, began competing with Rippling in 2022.
Also I thought YC was supposed to sniff out jerks, what happened to that?
My point was merely that YC is about startups which are all about growth. There is no requirement for innovation. Maybe there should be more scrutiny on the idea of the founders. Don't let in people just because they are formidable and went to Berkeley. Reddit's original idea, ordering via cell phone, was arguably innovative for the pre-smartphone era.
Did you also think YC was perfect?
There's a history of gloating here. So much so they named a podcast "The Social Radars."
Back to the point: they should consider re-evaluating their admission process. Heads down coding, talking with users, selling -- choose two. https://www.youtube.com/watch?v=Gt9dnFp1M0E
I thought that's a core tenet of angel investing? Maybe not purposefully funding rivals, but funding many ventures with the knowledge many will fail while a few rise.