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Surely a lot of huge success stories fell into this category though? Early Airbnb, snap etc
I don't know about Snap's history, but Airbnb never had trouble raising money after the first round at the end of YC.
Well Paul himself said, paraphrase, deft navigation of corners is a problem since Google didn’t have any corners.
Sounded like before/during YC it was still a question. From what I read it wasn't obvious to YC either, but you let them in in any case? The fact that they had to sell cereal to keep going? BTW, just read this post from 2011: http://www.paulgraham.com/airbnb.html Fascinating stuff :)
We didn't like the idea, but (fortunately for us) we decide mostly based on the founders. So this was not one of the ones we had to talk about after the interview. We were all at yes immediately.
But pre-@ycombinator @Airbnb, only @paigecraig was willing to play ball. All other VC investors said no. Now it seems more like a seller's market for big play startups.
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