alt Hacker NewsYC isn’t the “bigger fool”, their business model is great for them. Of course they made money at IPO. They don’t care about durable businesses. More than likely they sold at IPO.
YC isn’t the “bigger fool”, their business model is great for them. Of course they made money at IPO. They don’t care about durable businesses. More than likely they sold at IPO.
I realize, but that's my entire point: the durability of the business as represented by these valuations says nothing meaningful about YCombinator startups other than they aren't building alot of highly durable businesses.