> 43% of the batch were accepted with only an idea
I would love to hear more details about this lot. A billion+ people on the planet (including most of this forum I bet) have "killer" startup ideas and swear they can successfully execute on them with some money. How exactly does YC judge their merit and fund them without as much as a working prototype? Do you look at past history of successful launches? Education/work pedigree? Personality? It's pretty wild that such founders make up almost half of the batch.
I would love to hear more details about this lot. A billion+ people on the planet (including most of this forum I bet) have "killer" startup ideas and swear they can successfully execute on them with some money. How exactly does YC judge their merit and fund them without as much as a working prototype? Do you look at past history of successful launches? Education/work pedigree? Personality? It's pretty wild that such founders make up almost half of the batch.