I agree with this. PG responded that he believes in the idea because they already did it, but it doesn't seem quite accurate.
Teams initially accepted by YC were accepted on the basis of an idea. I am going to take a bit of a leap of faith and suggest that a significant portion of self worth was placed in the nurturing of that idea. When it came time to pivot or in some cases completely alter their business plans, I suspect that a lot of that initial value was then grafted on to the new plan as a way of salvaging ego meaning that the same level of devotion then seeded the second idea.
Will this work? Who knows...it is certainly an interesting experiment. To be frank, it seems like a step away from the wild west toward the corporatization of start-ups. Essentially hiring talented people, pushing them in a direction and seeing what they develop.
Teams initially accepted by YC were accepted on the basis of an idea. I am going to take a bit of a leap of faith and suggest that a significant portion of self worth was placed in the nurturing of that idea. When it came time to pivot or in some cases completely alter their business plans, I suspect that a lot of that initial value was then grafted on to the new plan as a way of salvaging ego meaning that the same level of devotion then seeded the second idea.
Will this work? Who knows...it is certainly an interesting experiment. To be frank, it seems like a step away from the wild west toward the corporatization of start-ups. Essentially hiring talented people, pushing them in a direction and seeing what they develop.