I don't know what to reply except that the very words 'process', 'interview', 'batch', 'moderation' these all exist to bring sanity and order into any system at the expense of mediocrity.
Like someone said "Micheal Jordan would NOT want to be selected by YC".
This means people like Mark Zuckerberg, Larry Page, Sergey brin, Bill Gates, Steve Jobs are not likely to come out of YC. Because the very fact that they have to go through layers of interview sessions, and then spend time performing to you, to get your attention like some performance artist performing to the king to get his attention means that is not going to happen.
Because people screw up in interviews. And a interview is generally no measure what the true story actually is. The guide to cracking interviews and performance is learning how to game the system. If your process is known to people outside,and they plan enough to cover all the corners and deal their cards well, they can game your interview process. That's how job hoppers who can do nothing hop around in circles of big successful companies. The situation from evaluating a 'good product' changes to evaluating 'how good the interview went'.
Nerds, Geeks of the best quality hate all this interviewing, playing-to-the-galleries-business. That is why they wish to build their own firm. Now if you subject them though the same bureaucratic process which they had otherwise go through in a traditional large corporate(Applying, interviewing etc) they are just going to go away, take money from somebody else and build some stuff in the same time.
If I would be building a business and need funding from somebody. I would go to them and explain them 'whats in it for them' and take their money.
But if have to go through the same large corporate styles process for this, I will be spending my time for something else. Because the very purpose my starting a business is to avoid that corporate styles processes.
You have to seriously ask what value you bring, or how different you are from anybody else. If you are just evaluating profit prospects(which I agree, is important), funding, taking profits back. Then really you are just another VC. There is nothing wrong with that. But that is what it boils down to.
Like someone said "Micheal Jordan would NOT want to be selected by YC".
This means people like Mark Zuckerberg, Larry Page, Sergey brin, Bill Gates, Steve Jobs are not likely to come out of YC. Because the very fact that they have to go through layers of interview sessions, and then spend time performing to you, to get your attention like some performance artist performing to the king to get his attention means that is not going to happen.
Because people screw up in interviews. And a interview is generally no measure what the true story actually is. The guide to cracking interviews and performance is learning how to game the system. If your process is known to people outside,and they plan enough to cover all the corners and deal their cards well, they can game your interview process. That's how job hoppers who can do nothing hop around in circles of big successful companies. The situation from evaluating a 'good product' changes to evaluating 'how good the interview went'.
Nerds, Geeks of the best quality hate all this interviewing, playing-to-the-galleries-business. That is why they wish to build their own firm. Now if you subject them though the same bureaucratic process which they had otherwise go through in a traditional large corporate(Applying, interviewing etc) they are just going to go away, take money from somebody else and build some stuff in the same time.
If I would be building a business and need funding from somebody. I would go to them and explain them 'whats in it for them' and take their money.
But if have to go through the same large corporate styles process for this, I will be spending my time for something else. Because the very purpose my starting a business is to avoid that corporate styles processes.
You have to seriously ask what value you bring, or how different you are from anybody else. If you are just evaluating profit prospects(which I agree, is important), funding, taking profits back. Then really you are just another VC. There is nothing wrong with that. But that is what it boils down to.