There’s been quite an array of reactions to the new move by Y Combinator when they announced the application for startup entrepreneurs sans the idea of a Business or a Product. As a ‘Startup Entrepreneur’, my spontaneous reaction, wrapped in a tweet was, “any entrepreneur or founder eager to do a Startup will be brimming with ideas.”
Oh! Yes, I don’t hesitate calling myself a Startup Entrepreneur these days as I’ve failed quite a few times to have experienced and know a thing or two about Startups and Entrepreneurship.
However, on a second look at YC’s initiative, I realized this is a brilliant gambit – YC is ready to take a much bigger albeit calculated risk for a long term winning move. Here’s why.