Interesting that both SVA and AH responded to the success of YC not by setting up separate programs to emulate it, but by coalescing around it. This clearly made sense for Milner as a relative newcomer but the other two groups had no shortage of connections and capabilities in place and could easily have taken either route. YC keeps increasing the margin by which it is the top program of its kind.
This is awesome for YC / YC startups as well as AH as they get to be in the YC companies at the very early stage. However, I am not able to understand why VC firms would go so broad and fund such a large number of startups with amounts that are insignificant for their fund sizes. Would it not be distracting? Would it not leave them with too broad a portfolio to be able to truly make significant contributions to the company's success? Does it not feel like a spray and pray approach? I <i>totally</i> understand this from a deal flow perspective but I'd love for VC firms to focus on deals they believe in and focus on building massive game changing businesses. And for this, I am sure they have to invest in 10 to find 1 that works, but investing in 200 feels not so right - and lacking conviction.
So, the deal stays at $150k correct?<p>What incentive do Ron and Yuri have to give up 1/3rd of the Start Fund deals to Andreessen Horowitz?<p>Forgive me if this is a naive question.
This is really cool. Love the fact that they are trusting PG and team's filtering process and guidance to build great startups. This is super sweet for the founders as well since they will provide some awesome advice and guidance.
This is great because it now means you not only get PG's advice (and the YC team), but that of Milner AND AH to boot. Makes me really excited about October 31.
Congrats YC! Fills a gap too. Ron - Seed, AH - VC, Yuri/DST mezzanine.<p>I am a little surprised that Ron and Yuri let them in on such a good deal. I am sure a lot of VCs would jump at this opportunity.