A mistake a lot of investors make is judging a YC company by its current state at Demo Day vs. the long-term potential of its founders. I invested in Hightough at $15M (Carry at the time) and although I categorically hate travel startups, I really wanted to work with the founders (ex-Segment). My position is now valued >40x and more importantly I'm excited to write the first check to Hightouch folks who leave to start their own company. YC is about making a bet on young, ambitious, talented people who likely have a few startups in them. #ycombinator #siliconvalley #startupstories #venturecapital
Appreciate what Hightouch is doing even if I respectfully disagree with a blog or two!
smart folks over at Hightouch :)
Great call to bet on the founders and not the idea (as they pivoted to what Hightouch is today).
I don't know if it's good or bad when founders leave a company 🤔 Unfortunately we are late in applying for this summer batch at the YC. But we will apply for the winter batch. We are building a mobile app that will probably replace or compete with Google Maps in the future.
Great reminder. Sharing!
So true - I’m taking the same approach with my startup investments
Thank you Brianne Kimmel for supporting us exactly when it WASN'T obvious!
Thanks! Hopefully Future State University will be in the next YC batch!
love this! thank you for taking a bet on our founders :)
Product & Growth Advisor for Scaling Startups
8moAgree 100% (mostly because of the same example)