Hannah: Y Combinator gives bad advice by prioritizing traction over idea quality
Josh Hannah · 20VC: Why The Best CEO's Are The Best Capital Allocators, How You Can Build A Business In A Space You Are Not Passionate About & When Is The Right Time To Put The Pedal To The Metal with Josh Hannah, General Partner @ Matrix Ventures · Oct 3, 2016 · at 22:32
Josh Hannah, General Partner at Matrix Partners, critiques modern incubators for teaching founders that quick traction matters more than the inherent strength of a business idea.
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“One element I don't like is this rejection of the notion that Ideas are valuable. You know, they, there's sort of this feeling that says, come in here and build some, build anything, build something you would use, build anything you can get traction on in your six to 12 weeks that you're in our program, because the most important thing is 12 weeks from now, I need a chart that shows increasing numbers of users, and I sort of, I think that's, for a lot of people, that's not great advice. I think you can hold out for coming up with something That is really a difference making idea.”
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