Sramana Mitra: Apple SDK was one of the most successful developer platforms. Geoff Ralston: This expansion of platforms is something on which you can begin your company. We have a company called Shogun that built their business originally on Shopify and then expanded. There’s enormous availability and possibility by these platforms that get to scale.
Sramana Mitra: Exactly. Our spectrum is broader. Yours is specifically the ones that who will get funding. Geoff Ralston: Forgive me, but I disagree, Sramana. You’re broader than the batch, but YC is broader than that. When I first wanted to start a company in the ‘80s, none of this content was available. Now, there’s
Sramana Mitra: At 1Mby1M, we are in the pre-Series A zone. We don’t care if it’s at napkin stage. We work with that entire spectrum of pre-seed, pre series A. Typically, investors have steered clear from companies that operate in this mode. This category uses virtual company architecture extensively. What are you seeing? What is
Sramana Mitra: Let me try to unpack what you said. COVID has been a gamechanger. Until COVID, you wanted people to come and be in Silicon Valley for the three-month program. What is your current perspective on geography? Can they be from anywhere? Geoff Ralston: It is certainly true that the pandemic left us with
Geoff Ralston is President of Y Combinator. We had a terrific discussion on what we each are seeing in the startup ecosystem. Sramana Mitra: Geoff has been involved with Y Combinator right from the beginning. Why don’t we take a look back on the evolution of Silicon Valley and Y Combinator.
Geoff Ralston is President of Y Combinator. We had a terrific discussion on what we each are seeing in the startup ecosystem.
By guest authors Irina Patterson and Candice Arnold Geoff: Sometimes I’ll say to entrepreneurs, “You have a decent idea but your pitch sucks. You’ve got to learn how to take your idea and sell it. If you’re going to go through PowerPoints about X, Y, and Z, this isn’t why I invest. This isn’t how
By guest authors Irina Patterson and Candice Arnold Irina: What is your criterion for market size? Geoff: There are exceptions to this, but I tend to only want to invest in startups that have significant or large upsides. I try to avoid putting fixed numbers on that other than I have it in my mind.