Y Combinator is the exact opposite of proprietary deal flow
Michael Ma · 20VC: Why YC Is The Exact Opposite of Proprietary Deal Flow, Why Having No Follow On Dramatically Aligns Incentives & Why Founders Do Not Have To Be Passionate About Their Idea From The Start with Michael Ma, Founding Partner @ Liquid 2 Ventures · Jul 26, 2017 · at 14:25
Michael Ma, founding partner at Liquid 2 Ventures and former TalkBin founder, evaluates Y Combinator's public demo day structure versus traditional venture capital positioning.
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“So, YC, in a lot of ways, exact opposite of proprietary deal flow. Everybody talks about proprietary deal flow like having something unique, and YC is a public demo day where everybody in the Valley is invited, and so, in a lot of ways, it's antithesis to a lot of what VCs pitch, but they continue to create a lot of quality investments, and I think, and the markets are very efficient.”
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