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The Launch Pad: Inside Y Combinator, Silicon Valley's Most Exclusive School for Startups

Randall Stross · 123 HN points · 3 HN comments
HN Books has aggregated all Hacker News stories and comments that mention "The Launch Pad: Inside Y Combinator, Silicon Valley's Most Exclusive School for Startups" by Randall Stross.
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Amazon Summary
Number of teams that applied to Y Combinator’s summer 2011 batch: 2,089 Teams interviewed: 170 Minutes per interview: 10 Teams accepted and funded: 64 Months to build a viable startup: 3 Possibilities: BOUNDLESS Investment firm Y Combinator is the most sought-after home for startups in Silicon Valley. Twice a year, it funds dozens of just-founded startups and provides three months of guid­ance from Paul Graham, YC’s impresario, and his partners, also entrepreneurs and mostly YC alumni. The list of YC-funded success stories includes Dropbox (now valued at $5 billion) and Airbnb ($1.3 billion). Receiving an offer from YC creates the oppor­tunity of a lifetime — it’s like American Idol for budding entrepreneurs. Acclaimed journalist Randall Stross was granted unprecedented access to Y Combinator’s summer 2011 batch of young companies, offering a unique inside tour of the world of software startups. Most of the founders were male programmers in their mid-twenties or younger. Over the course of the summer, they scrambled to heed Graham’s seemingly simple advice: make something people want. We watch the founders work round-the-clock, developing and retooling products as diverse as a Web site that can teach anyone program­ming, to a Wikipedia-like site for rap lyrics, to software written by a pair of attorneys who seek to “make attorneys obsolete.” Founders are guided by Graham’s notoriously direct form of tough-love feedback. “Here, we don’t fire you,” he says. “The market fires you. If you’re sucking, I’m not going to run along behind you, saying, ‘You’re sucking, you’re suck­ing, c’mon, stop sucking.’” Some teams would even abandon their initial idea midsummer and scramble to begin anew. The program culminated in “Demo Day,” when founders pitched their startup to sev­eral hundred top angel investors and venture capitalists. A lucky few attracted capital that gave their startup a valuation of multiple millions of dollars. Others went back to the drawing board. This is the definitive story of a seismic shift that’s occurred in the business world, in which coding skill trumps employment experience, pairs of undergraduates confidently take on Goliaths, tiny startups working out of an apart­ment scale fast, and investors fall in love.
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Hacker News Stories and Comments

All the comments and stories posted to Hacker News that reference this book.
I believe the pool's antecedents and ideas are much more diverse than that. I recommend the recent book 'The Launch Pad' (http://www.amazon.com/dp/1591845297) as a good introduction to YC.

Personally, if I were in a peer group any of whose members managed to succeed, I'd be much more motivated to give it another try even if my own effort had failed, compared to having made the effort alone.

edit: But I agree with you in another way. Hurting for the lack of such a credential is a self-confidence issue. If you managed to hunker down and make something on your own, you're already ahead of the unwashed masses. Surely making a case for that is not so difficult in comparison (to the effort itself).

codex
Thank you for this book recommendation. I have ordered it and can't wait to read it.
Sep 27, 2012 · 3 points, 0 comments · submitted by philipDS
Sep 22, 2012 · 2 points, 0 comments · submitted by deepkut
Sep 06, 2012 · 2 points, 0 comments · submitted by pogosian
Aug 09, 2012 · 106 points, 33 comments · submitted by DanielRibeiro
bootload
"... Silicon Valley’s past is more accessible than its present ..."

interesting Randell Stross is a historian & lecturer, "Business and Society and Strategic Management." ~ http://randallstross.com/bio/ the book intro is here (pdf, 134Kb) ~ http://randallstross.com/thelaunchpad/the_launch_pad_intro.p...

austenallred
I get a little frustrated when books centered on tech startups don't come in electronic formats. Pretty please, publisher, can we get a Kindle version?
hiddenstage
http://www.amazon.com/Launch-Pad-Combinator-Exclusive-ebook/...
13rules
Thanks for the Kindle link. Preordered!
relix
Hardback: $14, Kindle edition: $18

:(

_gbc
Seconded on the Kindle version (preferably one which is formated correctly for a change). I suspect we aren't alone in that preference.

PG, any chance of finding out if there will be a Kindle version?

sneak
Kindles read PDFs, right? I haven't seen a mass-market book released in years that doesn't wind up as a PDF in a torrent.

There's no reason to be frustrated. Even vinyl-only releases end up digital. Some enterprising soul will scratch your itch.

neurotech1
That's the problem with the old publishing model. They should set up a "choose your price" download model where people can download DRM-Free ebooks. Or the author creates their own torrented version with a link for "donations"
pedalpete
I don't think 'choose your price' needs to be embraced by all publishers, but a higher price for a digital version where costs are significantly reduced from a physical version doesn't sit well with me.

However, pricing is what the market will bear (bare??).

Andrex
And a Google eBooks/Play version too, just to round things out.
rdl
There WILL be a Kindle version (I emailed him). I think it's just not listed in pre-order.

(I actually convinced a friend of mine who wrote a great new book on dealing with analysts, Up and to the Right (http://www.amazon.com/UP-RIGHT-Strategy-Influence-ebook/dp/B...) that he should do an ebook. For some reason he thought it would cause piracy!)

kmax12
is that a referly (S12) affiliate link in the post?
ralph
Given the http://www.amazon.com/gp/product/1591845297/?tag=referly-20 URL how does referly know which of its users to pass Amazon's commission onto? Several could turn up to refer on the same product.
jamiequint
Probably via the "-20"
ralph
No, Amazon dishes out -20 to all amazon.com IDs. Other countries have other numbers, e.g. -21 is amazon.co.uk.
rkudeshi
I think the "-20" is on every Amazon affiliate link.
DigitalSea
Yep, how classy of DanielRibeiro to do so (that is if it was intentional or not), but I don't see how it wasn't intentional unless Amazon have started adding them to the end of their URL's, haha.
DanielRibeiro
Sorry about that. My mistake. On the other hand the link is actually from Danielle Morrill[1], who is the founder of Refer.ly

Would change it if I could, but now only HN mods can do it...

[1] https://twitter.com/DanielleMorrill/status/23335824183119462...

None
None
dmor
Hey guys Danielle here. Here's what I think we should do: if it makes commissions we can donate them to Room to Read through our charity program, and I will share all the stats in a blog post. Cool?
rdl
I wouldn't mind if all Amazon links on hn got a hn referral link and donated to Room to Read.
yitchelle
Can you extend this great gesture when the ebook is published as well? I would rather read it the softcopy.
someperson
I think you should email PG to ask him to remove the referral link
endlessvoid94
why?
someperson
It incentives spam.

I have less of a problem with comments containing referral links since that's clearly the author's opinions, but I see submissions should have less blatant commercial interest.

HN already frowns upon self-submission of personal blog posts (if it's interesting enough for HN the argument goes, it would be submitted by a 3rd party).

How can I trust a website recommendations from a website like Coding Horror when every Amazon link generates a commission. It's encouragement to sell expensive products rather than more suitable ones.

I generally remove the referral query from URLs when I click through.

someperson
It incentives spam.

I have less of a problem with comments containing referral links since that's clearly the author's opinions, but I see submissions should have less blatant commercial interest.

HN already frowns upon self-submission of personal blog posts (if it's interesting enough for HN the argument goes, it would be submitted by a 3rd party).

How can I trust a website recommendations from a website like Coding Horror when every Amazon link generates a commission. It's encouragement to sell expensive products rather than more suitable ones.

I generally remove the referral query from URLs when I click through.

davidw
Why not just, uh, keep the money? There's nothing wrong with referral links if people keep it reasonable.

How many people here honestly would sacrifice their reputation for a few bucks? The book is genuinely of interest to this community, not just something someone's spamming.

I'm a bit dismayed that as the founder of a service for referral links, you're not a bit more defensive of their use, but perhaps I'm misunderstanding. Offering to donate the money makes it seem like "ill gotten gains".

dmor
Good point well made. As to referrals, I didn't realize they needed defending - that is how the Internet, and business in general works, and either Amazon would be keeping that money or it would be in someone else's pocket. The product was absolutely relevant to the audience here, or it never would have made it to the front page and remained for 10+ hours

Since this is my link personally and we have a donate to charity program and fundraising drive going for Room to Read, I am happy to donate. I am more interested in the data than the money in this case and getting $50 in unexpected referrals isn't the key to our business model.

I'm primarily offering the donation to placate the community so the mods won't remove the referral link (in which case I couldn't get the data I need). HN could use our API and a few lines of Javascript to turn every Amazon link into a referral link if they wanted to, and donate to charity. I'll ask PG if he'd be interested

melvinmt
Uhm, who cares? Whatever the link is, you will have to pay the same price anyway and the commission would end up in Amazon's pockets. Luckily, Danielle is nice enough to donate all the proceeds to charity.

I just pre-ordered mine through this link, you're welcome.

mindcrime
Uhm, who cares? Whatever the link is, you will have to pay the same price anyway and the commission would end up in Amazon's pockets.

Exactamundo. A link on HN is either valuable content or it isn't... whether or not the submitter is profiting from it via a referral code is pretty much orthogonal to that, and is pretty much irrelevant. It's a silly thing to bitch about.

dbecker
I think it's awesome that she is donating the commission to charity... but it's worth noting that Amazon prohibits telling others that you are doing this.

https://affiliate-program.amazon.com/gp/associates/help/t15/...

mikeknoop
The referral link itself is from Danielle (co-founder, not the Daniel who submitted the story): refer.ly/r/aY0H/show

My guess is OP saw it via refer.ly and submitted it straight without stripping the identifier.

New bootstrapping strategy, anyone?

djt
PG, what do you think of the book?
pg
It's remarkably accurate. There's stuff in it that makes me wince, but I suppose that's a feature of any accurate portrait.

Randy got to see everything, even interviews, and he's a very observant guy.

zio99
PG, do you think you could skim through a short excerpt from my book as well? I wrote it after applying to the class of S12 and wanted to share what I learnt: http://bit.ly/icecreamstart Ice Cream Startups: Pick your best idea & run with it
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