Does YC tag still have value?
I have worked at a YC startup and a non-YC one (Nexus backed). From my experiences YC one had very good work culture and business growth was rapid too. But Nexus backed startup gave me significant raise (10LPA to 18LPA). But the sample size is extremely low to conclude anything.
Also, whenever a YC backed company’s recruiter reaches me out, he or she is delighted to see a YC tag in my resume. But some recruiters give zero Fs. Few dont even know YC.
So,
- Does a YC tag generally mean the startup is of higher in quality (work culture, team dynamics, business outlook etc.)?
- Is a YC tag a plus point on resume while switching?
Earlier, yes - when they were super selective
Now, not much. YC has recently been more of like a lottery for them, investing in a ton hoping a few of them will make it big
Yeah noticed this. They usually invest only 125k usd but in so many companies
Yes it does. Overall success rates of startups in the world is 1%, but it's 3% for a YC backed startup. That's 3X more probability.
Also getting into YC is not that easy. They receive thousands of applications out of which they select a few.
And if you have worked in a YC startup, you have higher chances of getting an interview in another YC startup.
From where did you get these numbers?
1% is commonly known. 3% comes from some YC blog.
why would a investor's tag be any relevant to an employees skill set?
YC is not just an investor, it is a startup incubator. It trains founders and provides a large network of other YC startup founders.
I know bro, but that doesn't reflect anything on the employee. Doesn't make sense to me honestly
Nexus (Tier 1 VC) Tag > YC Tag > No tag at all
Absolutely yes
Why though?
Outside of YC companies, nobody cares!
Big company recruiters may not even know YC is :)
There was a great article a few weeks back on Ken about why YC lost its charm. Get your hands on that if you can
No
Can you explain why?
So-so
