alt Hacker NewsThere’s something that bothers me about reducing achievement to stock price and exit valuations. Yet, it is sobering to witness the machinery laid bare.
The whole aesthetic of startup success—those triumphant IPO bell-ringing moments—celebrates money, not wisdom or authentic progress. I’m aware this is the dominant framework, but that doesn’t make it feel less hollow. Welcome to Heartbreak.
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Wisdom and authentic progress are hard to measure. They are also not the goals enterprises pursue. Enterprises go for the money, but the money is normally paid by satisfied customers; this side effect is what makes enterprises viable and useful. (In case of VC money, customers even don't have to pay for sustainably for some time.)
An IPO or a large acquisition is like a graduation event for school students. A diploma or a SAT certificate also do not certify wisdom, or even progress. They certify a certain degree of success, and a transition into "adult life". Or think about this as of an orbital insertion event for a spacecraft. Not an end goal, but a precondition for a serious progress.
If you seek wisdom, a VC firm like YCombinator is likely not the most appropriate tool for your quest. (An attempt to found a business may bring some wisdom, as usual, at a cost.)
> The whole aesthetic of startup success—those triumphant IPO bell-ringing moments—celebrates money, not wisdom or authentic progress.
Didn't see anything about ethics either, which, again, is not necessarily what a VC firm is about. It's actually kind of refreshing--the website clearly conveys YC's focus: It's about being "formidable" and "intensive work" and "urgency" and "fast." The editing on this site is impressive. They have boiled away everything down to the core of what the firm believes in, and it's "work hard make lots of money fast". Not something I'd personally be interested in being part of, but the site's wording is remarkable in its honesty, and I clearly know after reading it that the YC experience would not be my cup of tea!