Slack came out of a failed attempt to build an MMO.
Tech cofounder apparently has some reasonable credentials and particularly if he's known to people within Ycombinator it doesn't seem absurd at all to me that they'd invest largely on the basis of "guy we know to be reasonably competent wants to try his hand at entrepreneurship".
Like its a hundred grand. They throw that at all sorts of companies. This aint softbank throwing billions at wework. I think any sort of "omg ycombinator funded that?" response has to come from people who havent ever bothered to look at the long tail of stuff ycombinator funds instead of their top few investments. It's not an elite club. It's the most throw shit at the wall and see what sticks style VC fund out of any VC fund.
I'd say the 'salience' of this topic is not even primarily the idea of YC funding what is clearly a scam, but rather the particulars of WHY this one got funding.
It's not that YC 'throws shit at the wall', but rather that it throws shit at very particular walls, and the reason it picks those walls are not obviously 'good'.
While that shouldn't surprise us, I do understand that it's disappointing to feel that YC is not quite the nerdy, rational, investing-in-good-ideas-no-matter-the-source outfit that it's thought to be.
Tech cofounder apparently has some reasonable credentials and particularly if he's known to people within Ycombinator it doesn't seem absurd at all to me that they'd invest largely on the basis of "guy we know to be reasonably competent wants to try his hand at entrepreneurship".
Like its a hundred grand. They throw that at all sorts of companies. This aint softbank throwing billions at wework. I think any sort of "omg ycombinator funded that?" response has to come from people who havent ever bothered to look at the long tail of stuff ycombinator funds instead of their top few investments. It's not an elite club. It's the most throw shit at the wall and see what sticks style VC fund out of any VC fund.