Harjeet Taggar: Start Fund is bad news for bad investors(thenextweb.com)

69 pointsby jedwhitevor 15 Jahren6 comments

Harjeet Taggar: Start Fund is bad news for bad investors

http://thenextweb.com/industry/2011/02/07/y-combinator-partner-harjeet-taggar-startup-fund-is-bad-news-for-bad-investors-interview/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+TheNextWeb+(The+Next+Web+All+Stories)

4 comments

kulvor 15 Jahren

I was at YC when Milner and Shpilman arrived. It was about 630pm, we'd just had office hours with PG, and I saw the both of them hanging around discreetly in the lobby.

About 5-10 mins passed and eventually I felt bad and walked over and asked if I could help, to which Shpilman replied, in a thick Russian accent, that he was hear to see Harj. Yuri was keeping himself to himself. I walked over and told Harj they were a couple of ppl waiting to meet him, then went and sat with my cofounder at the end of one of the long tables.

I jokingly said to my cofounder that they must be the DST guys, wanting to invest in YC. I had no idea I was correct, they were very low profile.

jedwhitevor 15 Jahren

There is a second installment to this interview coming tomorrow on why Harjeet joined YC. The most interesting part for me was that when Yuri and Ron first said they wanted to invest in all YC startups, he thought they were joking. pg wasn't even in the meeting and was doing office hours. That's quite revealing and says a lot about YC's priorities I thought.

Datastavor 15 Jahren

Too bad it's not out today. Got us curious now!

arrelvor 15 Jahren

I wish Taggar had addressed how this is going to impact the application review process. It sounds like the YC partners already have their hands full with the number of applications coming in each round, and I assume those numbers are shooting through the roof this round. Are all of the partners still going to read all of the applications, or are they going to need some triage this time around?

pgvor 15 Jahren

I doubt anything will change. We've always had to cope with rising application numbers, and we've constantly been tweaking the system to deal with them. Between more partners, more alumni, and more software, we'll probably manage without any externally visible change.

[deleted]vor 15 Jahren

ig1vor 15 Jahren

KevBurnsJrvor 15 Jahren

"[...] money at seed stage has become commoditized."

Investors have always waived around their experience and business connections as differentiators. It's still going to be in their best interests to differentiate themselves.

More competition is always going to be bad news for second-rate offerings in any market.

Does this mean more seed investments on the whole?