Y Combinator flirts with having Hacker News community choose Fellowship companies

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Source:   —  April 07, 2016, at 9:08 AM

The incubator is experimenting with using the Hacker News community to choose startups for its Fellowship program. HN moderator Daniel Gackle, AKA dang, posted in the site’s “Ask HN” portion with initial details: Maybe if HN picked startups, it'd choose differently than YC.

Y Combinator flirts with having Hacker News community choose Fellowship companies

Upvotes! What're they excellent for? Soon, they might obtain your very, very early-stage company into Y Combinator. The incubator is experimenting with using the Hacker News community to choose startups for its Fellowship program.

HN moderator Daniel Gackle, AKA dang, posted in the site’s “Ask HN” portion with initial details:

Maybe if HN picked startups, it'd choose differently than YC. Maybe different startups would be motivated to apply, if they knew that the interviewing and deciding would be done by the HN community. Fascinating things might happen, or they might not. We’d have to attempt it and see.

So they’re going to do just that, in a Ltd fashion. At minimum two startups will be chosen via “Apply HN” posts, which will work love the existing “Show HN” — but moderation will be more strict (or less moderate, if you like) and YC entry executive will be scrutinizing the conversation. Gackle and Kevin Hale, who runs the Fellowship program, propose critics “be nice.”

Your submission should be very early stage, number investment, but prepared to have the tires kicked. You should be prepared to go full-time on it for eight weeks.

At the finish of April, the submissions will be ranked by upvotes and the “quality of discussion,” (tiebreakers TBA). Chosen ideas or projects will connect this summer’s YC Fellowship, which awards $20.000 (at the price of 1.5 % equity) and the mentorship of experts at the accelerator (priceless).

It’s unlikely anyone really thinks this will go off without a hitch — putting genuine money and opportunity in the hands of the hoi polloi seldom does — but $40.000 is a tiny investment for YC to discover out whether this could be an fascinating way to lure young, impressionable startups into their lair.

The discussion is ongoing at this HN thread. Go be nice!

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