Selection bias is a tricky question when evaluating "they do seem to pick an out... | Hacker News

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		kg on Aug 22, 2022 \| parent \| context \| favorite \| on: Reflections on my time in Y Combinator Selection bias is a tricky question when evaluating "they do seem to pick an outsized number of winners." Does that mean that the people they pick off personal traits and a 15 minute demo are intrinsically winners, or is it just possible for YC to turn almost anyone with the right skills into a winner?

chrisfrantz on Aug 22, 2022 [–]

Great question, I imagine there is some truth in both statements.

The failure rate in the startup world, especially when success means a billion dollar exit or IPO, is incredibly high though.

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