Hi, this is Harsh, the cofounder of YourQuote. Your video has a glaring inaccuracy and is very misleading for both our users and future investors. YQ is still running and is profitable as a fully premium app. It's just making enough money to repay the high server costs and has no fulltime team but freelancers. The product is complete and it is running with more than 100k daily activites across platforms. Please be more thorough in your research, and would appreciate if you could verify before writing. We urge you could edit out/delete the incorrect mention at the earliest. YC says it's inactive because we have bought back their and all investors stakes in us. As a portfolio, we are inactive.
Hey Harsh I appreciate you commenting. I've pinned the comment so that people can see this. I apologize for the inaccuracy- I was trying my best with data that was out there, and I made assumptions, but I'll make sure to be more accurate in the future! I've also removed the YourQuote section from the video
I’m just a nobody but hearing this kinda tone from a company over a RU-vid video that isn’t all that damming is kinda off putting. Maybe it’s just me, but felt a bit condescending. Idk. 🙃 One might say it sounds a little 😏 *Harsh* 😅😂 Bum dum tss
Hey Sid, you should really consider doing a whole series on YC startup failures, and maybe startups in general. You're the only channel on yt that even comes up for this topic, and we all know the vast majority of startups fail, so there are so many opportutnities for content. The lessons learned from these startups are also valuable for future entrepreneurs.
@@SidStartupGarage Also on a separate note, I'd love to have an airtable with all the Y combinator companies and the reason they went bankrupt, do you think this is something that already exists?
While a lot of RU-vid hammers focus on successful startups you come up with a nice idea ! I like this concept and I’m looking forward for interviewing some of the founders
As other people commented, it would be great if you could interview the founders and explain why it didn't work out for them. I believe it will be hard to persuade them because people don't want to seem vulnerable.
I will reach out again. I think a lot of them used their experience as a jumping base to get to their next opportunity, and they're open about discussing this.
Handy Wardhana Y Combinator themselves have said that they invest in teams a lot of times rather than the ideas. Unfortunately, these big titles can carry some benefits. However, a lot of founders in YC have regular backgrounds too. If you're considering joining YC I would say just go for it
Most failed founders have one thing in common - they're been brainwashed with the "follow your passion not money" propoganda. That's why they end up building something they are passionate about only to realize no one wants to pay money for it. The founders who succeed do it the other way around - they follow the money, not passion. They talk to lots of people in different markets to figure out what they are willing to pay money for, then they build whatever that is. They use common sense and logic to guide their decisions instead of emotions.
I would love to see a deeper dive into why some of these startups failed. Could provide very valuable material on what mistakes to avoid if select startups were given an in depth investigation. Content is often geared towards “what to do”-I dont often see “what not to do”
Thanks for the comment! y combinator's startup school RU-vid channel has a lot of valuable insights into what you're seeking. It can be a bit long to watch all those videos, but there's a lot of gold there
I knew suggestr was going to fail. They were "recommender systems" for shopify merchants. I was also thinking about a similar idea a while ago. The problem is if you dont have a huge inventory like amazon, 1. recommender systems do not work and more importantly 2. They are not needed. You can easily hardcode recommendations for individual products. FAANG employees rarely build good companies for some reason. Also this video was amazing. Subbed for future content!
Thank you for the video! It's nice seeing this perspective. It'd be interesting to see how much they raised and spent if you have access to that information as well
Thanks for this video, it's an eye opener that even if you have everything set up for success you're still prone to failure, there's no magical bullet even if you were a YC alumni.
Interesting video idea but I did find my attention drifting a little bit. I would have preferred if your editing brought a little more energy to the video. You don't have to be annoying and talk fast like Mr. Beast. But maybe you could liven it up a bit with quicker cuts, and reduce the pauses between your sentences in the edit. Also changing up the audio would help e.g. clips from founder interviews or even a whooshing sound as you move from one company to the next one.
That's definitely fair feedback. I've set a goal of creating and publishing 100 videos in the upcoming few years, and I want my level of confidence when talking to the camera to increase in the process. Hopefully as I publish each video, I get the gist of it between talking and editing.
So first-time founders are accepted on Ycombinator. Interesting. Do you think there's any difference between which first-time founder is picked? That is, how do they know which to bet on? Can anyone in the world raise capital despite being lower in the social hierarchy status?
Thanks for leading me to Failory. Didn’t know about it before. Interesting. Also, YourQuote sounds like it’s less to do w/ PM fit and more to do w/a lack of an appealing enough addressable market (the growth plateau bit that inevitably points to the market prospects isn’t worth trying to spark growth or pivot).
