The YC Interview and a Visit to 10 Downing Street
blog.jamesmcaulay.co.uk
blog.jamesmcaulay.co.uk
Here was my rejection for something close to what Beacon does now (this was pre-startfund money):
> I'm sorry to say we decided not to fund you. There may well be something in the idea of commissioned stories, but it seemed to us that to get such a project rolling it would either have to be a spinoff of an existing site with lots of traffic or be quite highly capitalized (since otherwise there wouldn't be enough "donors" to cover costs). A YC size investment wouldn't be enough, and yet it would be hard to raise enough from post-YC investors, because they'd demand "traction."
Because it's foreign. I think UK attitudes to Cambridge and US attitudes to Ivy League universities are roughly the same.
1 - The boxing analogy came up again. I'm waiting to hear from a startup that got in that views sessions with their investors as boxing. It just seems like viewing your esteemed funders as combative opponents is the wrong worldview.
2 - It seems like the rejection letters now have specific feedback. Is this new?