From a Y Combinator dinner talk. In startups, you get rich if you don’t die.
What do you have to do to live?
“Whereas if a startup regularly does new deals and releases and either sends us mail or shows up at YC events, they’re probably going to live.”
It’s true, in my career with startups, I’ve done both. There was DASCOM – get rich; RoverLive – die.
Unfortunately for snaptalent.com, a Y Combinator portfolio company – they’ve just announced that they have died due to “market conditions”. They had tried a couple of strategies in the job recruitment market – not a good place to have been in the last 2 years.
