Nice piece. I have a question that comes up every time I read a "we came up with our Y-Combinator demo in the last weekend and got funded" story--is this rare? It seems like I hear it all the time, but maybe most of the "last 24 hour" demos don't get mentioned.
It's surprising to me to think it might be common, because my gut reaction is that this means the founders don't actually have a viable product, but because they got funded before they could figure that out, it will now take months or years for the founders to move on (or pivot significantly). I'd love to hear why that's not what's going on, though.
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Nice piece. I have a question that comes up every time I read a "we came up with our Y-Combinator demo in the last weekend and got funded" story--is this rare? It seems like I hear it all the time, but maybe most of the "last 24 hour" demos don't get mentioned.
It's surprising to me to think it might be common, because my gut reaction is that this means the founders don't actually have a viable product, but because they got funded before they could figure that out, it will now take months or years for the founders to move on (or pivot significantly). I'd love to hear why that's not what's going on, though.