Yes, it lends credibility, but it's not necessarily the primary purpose...at least not of YC. There are a lot of good benefits to YC...it's an educational experience, a community-building experience, and more. Of course, it doesn't hurt that dropping the YC bomb in a discussion with an investor is an automatic upgrade to "vetted" in the investors mind (works with valley press, as well, apparently).
I was thinking more along the lines can these people starting a "YC Clone" bring real investors who might invest on "demo day". I should have said that, but it all comes down to credibility (on many different levels, the process, the people running the process, the founders, etc).
It seems to me, and I may be wrong, that the YC system has an extra bit of credibility that can be spent even if a person isn't successful with what they built in YC they can build something new and still have a better then average chance.
Comments
Yes, it lends credibility, but it's not necessarily the primary purpose...at least not of YC. There are a lot of good benefits to YC...it's an educational experience, a community-building experience, and more. Of course, it doesn't hurt that dropping the YC bomb in a discussion with an investor is an automatic upgrade to "vetted" in the investors mind (works with valley press, as well, apparently).
I was thinking more along the lines can these people starting a "YC Clone" bring real investors who might invest on "demo day". I should have said that, but it all comes down to credibility (on many different levels, the process, the people running the process, the founders, etc).
It seems to me, and I may be wrong, that the YC system has an extra bit of credibility that can be spent even if a person isn't successful with what they built in YC they can build something new and still have a better then average chance.