
I recently applied to Y Combinator with an idea for a smart access control system designed for the hospitality sector, especially holiday homes. Like many ambitious startups, I faced my first rejection. While it's never easy to hear "no," I'm taking this as a valuable learning experience and a stepping stone toward future success.
First and foremost, I'm grateful for the opportunity to have applied to such a prestigious accelerator. The application process itself was incredibly enlightening, helping me refine my vision and strategy. I appreciate the feedback and support I've received from friends, mentors, and the startup community along the way.
This isn't a setback; it's a setup for my next leap. I'm more committed than ever to innovating and creating solutions that address real-world problems. My startup journey is just beginning, and this experience has only strengthened my resolve to push forward and explore new opportunities.
Rejections are tough, but they're also invaluable learning experiences. Here are some key takeaways from my first rejection:
Refine the Pitch: Clear and compelling communication of the value proposition is crucial. I'll work on articulating the unique benefits of my idea more effectively.
Validate Assumptions: Ensuring that my assumptions about market needs and user behavior are backed by solid data is essential. I'll continue gathering feedback from potential users to validate and iterate on my solution.
Strengthen the Team: A strong, complementary team can make a significant difference. I'll focus on building a team that brings diverse skills and perspectives to the table.
Seek Feedback: Constructive criticism from mentors and peers is invaluable. I'll actively seek out feedback to continually improve and adapt.
To all the founders out there facing similar rejections, remember that each "no" is not a roadblock but a redirection. Every great success story is built on a foundation of resilience and determination. Let's use these experiences to fuel our passion and drive. Keep believing in your vision and stay persistent.
I like the idea of building in public and sharing my progress, challenges, and learnings along the way. This transparency will hold me accountable and create opportunities for collaboration and support from the community. By sharing both the highs and lows, I aim to inspire and help others who are on a similar journey.
I'm looking forward to connecting with others who are on similar journeys, walking the startup pathway, or 10x ahead of me. Your support and insights are invaluable as I continue to develop my ideas. If you have any thoughts or just want to share your experiences, I'd be happy to hear from you. We're all in this together, learning and growing.
Thank you for reading! Here's to embracing challenges, learning from them, and keep moving forward π
Rejection from YC can be difficult, but it does not define the potential of a startup. Some of the strongest lessons come from understanding why an application was rejected and using that feedback to improve the business.
The important part is what happens after the rejection. Keep building, keep learning, and let progress become the next proof point.
So, there are three ways of getting into YC.
You have 2-3 confounders and you all have impressive resumes. Either you have worked in high level positions at companies in the same capacity that you will be working on your startup or you have launched successful startups before. For instance, if you are going to be the CTO at your startup, having held a senior developer position at a fortune 500 company for 4 or 5 years will be a good start. It is even more impressive if you have launched successful startups/microstarups before. Having launched successful projects trumps working at Fortune 500 companies. They might take you and your team with just an idea.
You and your coufounders have built something (MVPthat has a growing user base and is making money.
Both of the above. You have a baller team and a kick-ass project that has users and is already making money.
Most of us entrepreneurs that haven't held positions at big tech companies must build, launch, and grow projects ourselves.
So, build your project and get paying users. Then, if you still want to give 7-10 percent to an accelerator, apply again.
Thank you for your insights! Make sense and to the point. While Iβve been in the software industry for nearly two decades and have held senior positions at bluechip companies, I recognize that having cofounders and more serious past project can significantly impact YC acceptance. Building the project, gaining paying users, and learning along the way seems like the right path forward. Thanks again! π
Of course! Yeah, building your project is going to be the best use of your time.
Applying to incubators and contacting VCs is a full time job. I wouldn't waste your time with that until you are sure you need VC money AND you are sure you have something that they will be interested in.
From what I can glean from your description of your idea, it doesn't sound like you will need VC money though.
The primary businesses that need VC money are two-sided businesses, like marketplaces, or communities, like social networks. These need the marketing power to get that snowball rolling or else it won't ever pick up enough steam (sorry for the mixed metaphor), and that can take millions of dollars.
If you have a business that has only one type of user/customer, and you are able to grow one market/demographic/sector at a time, then you probably don't need VC cash.
Either way, building, launching, and growing your project will teach you a lot of lessons and get you a lot of valuable data that you can use to decide whether you need funding or not.
I got my rejection letter also. I look at it as growth and 99 left to go.
Well said buddy, 99 left to go π
I think this is the best way you can look at it, take the feedback of why they said no and evaluate what it actually means for you and your idea.
Might also be worth looking at it from a different angle, that they're saying not yet, instead of no!
"Might also be worth looking at it from a different angle, that they're saying not yet, instead of no!" β¨ I like your approach :)
Good job man and as you said, a no is just a redirection! Keep it up!
Exactly, thanks for cheering up π
Given that YC has hundreds of startups in a batch, many working on the same problem and going after the same customers...only a small number will eventually make it! It's a huge badge of honor and helps you to scale quickly if you have PMF. Chances of survival go down, if you don't have PMF. The clock starts ticking once you are in!
Sorry to hear about your rejection. If I may, will plug the website I built a few days ago: rejectedbyyc.com where I list companies rejected by YC and doing great.
Oh nice, that's a good one. Thanks for sharing!
How do you plan to source these examples? Will you rely on people submitting their own startups, or do you intend to scrape the web for this data?
Rejections can be tough, but they're also opportunities to refine your idea. Keep iterating and seeking feedback. Many successful startups faced rejections before achieving their goals. Best of luck!
That is very true; thanks!
I was scrolling down for <h2>Showing those mofos they lost money on me</h2> π
Love your perspective on this. If I had to guess truly why you got rejected, it would be a lack of the word: Artificial Intelligence. haha! well in. best of luck.
Haha, yeah! I just heard that over 70% of the last batch W24 was AI startups π