Do you have any evidence that the hit rate would be close to zero if you investe... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		danieltillett on March 18, 2016 \| parent \| context \| favorite \| on: I Am Sam Altman, President of Y Combinator. AMA Do you have any evidence that the hit rate would be close to zero if you invested in founders with just a concept?

pjlegato on March 22, 2016 [–]

Yes. Y Combinator, which (very unusually) funds people with no track records and just a concept, has had only two really big successes (AirBnB and DropBox) in 11+ years and close to a thousand companies in the program.

http://yclist.com/

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact