It all began on October 28th 2014 when at 11:22PM anemail from Y Combinator was dropped into my inbox:“Thank you for applying to Y Combinator. Your application looks promising and we’d like to meet you in person. Please go here to read how interviews work and sign up for a slot…”. We had completed the Winter 2015 session(W15) a couple of weeks earlier and YCjust informed us that they weregoing to meetus in San Francisco for an interview.
The first thing I did was ringingDanieleand waking him up in the middle of the night with the good news (to be honest I first told him thatwe were rejected ). We talkedabout theminimal chanceswe had to go beyond this step and about what this opportunity could represent for us. (It seems that from August to October, YC had received about threerequests per minute from all over the world).
I promptlybooked our interview slot: Monday November 17th at midday. I always liked the number 17.
It was our first apply since we started theCreo‘s adventure and we had beenselected by the world’s most famous incubator, “not bad for a start” I thought. I alsothought that it was almost anobvious choice due the radical impact that our project can have on software development. I realized thatCreois an extraordinary technological challenge and we achieved unbelievable results so far. Who could have developeda new multiplatform programminglanguage with a blazing fast virtual machine? Who could haverewritten from scratch a mobile operating system fully UIKit compatible? Who could havea product like ours? Nobody, probably nobody in the world… and if YC’s choice was driven by the product than we would had no rivals.
For about 4 years I worked in Texas for Xojo Inc. and I soon realized how important isto find a way to give to as many people as possible the opportunity to develop their ideas. I believethat the original Creo idea wasborn during thoseyears. I proposed to Xojo’s CEO my idea about a thin layer on top of existing OS API which didnot required to develop huge glue code frameworks but Xojo was focusing on different projects and my idea was set aside. As soon as I returnedto Italy I started working on finding a way to finance Creo project.
Product has no value
I believe that ourbiggest mistake was to think that being able to develop suchan extraordinary product could somehow give us an advantage against the thousand of other ideas presented at Y Combinator.We were wrong.
Y Combinator has been created for one single purpose: to make money.They areneither a charity nor a fund that aims to help the development of new ideas … they just want to make money and they do it through math and the huge network of knowledge they have in Silicon Valley.
We often read that every startup should follow thecreed“Fail Fast, Fail Often, Fail Forward”and for YC it is almost a dogma. Aworking prototype in the shortest possible time has almost more value than the product itself.YC assumes that no onecan be sure about whatpeople really want and so companies need to be prepared to rapid and abrupt changes affecting both the business model and the product itself.This golden rule, however, can not always be met, especially with project as complex asCreo. I really think that the complexity of the Creo project penalized us at YC.
Y Combinator is aware of having a single finite resource: peoplein his team that must analyze the thousands of submittedideas.They should try to rationalize the selecting process that can appear almost brutal in its practical implementation.
Five days dedicated to the interviews (from Monday to Thursday, Saturday and Sunday included). About 8 hours a day, 5 rooms each with at least three YC’s members, a 10-minute interview (with acountdown) plusfive more minutes reserved for the team to take a roughly decision.Every room can analyzeabout 30 projects per day (lunch included) multiplied by 5 rooms then for 5 days, result is about 750 projects analyzed for each session.How many teams are actually accepted?There isn’t a predetermined number, I think they can consider money as anunlimited resource, so they donot have apredefined budget and there is noadvantage to be interviewed the first days rather than the last … the only thing that matters for them is the business model … I repeat here again: product has zero value.
Daniele and I arrived in San Francisco on Saturday November 15th at about 11PM. We found a nice hotel a mile away from the airport, very close toCaltrainwhich is the easiest and fastest way to get to the heart of Silicon Valley.So thefirst and the last day we booked at theWestin San Francisco Airport, which overlooks the bay and offers views andsunsetsto lose your breath.
For our stay in Mountain View we opted for a hotel not too expensive but withtwo essential requirements, fast and free WiFi in the room (Nerd Legawould be proud of us) and the proximity to a Starbucks.Mountain View and Silicon Valley in general are very expensive and a decent hotel can easily get to $300 a night, theSuper 8 Mountain Viewseemed a good compromise and it was also close to 335 Pioneer Way (Y Combinator headquarter):
We arrivedin Mountain View on Sunday (one day before ourinterview) and we decided to go out exploring the city and then towalk up to Y Combinator HQ where a lot of people were busy with theirinterview.We entered the office (bare and scruffy-style like any other company with “investments worth 30 billion dollars” and weimmediately started talking with the various groups waiting for their turn. Literally, you could find every kind of nerd representation: frompayment systems to Lego style robot, from a lonely guy with a green phosphor PC to the guys who had tried to applyso many times that they had almost lost count.
Aguy told me that Y Combinator in the past has been much criticized for the fact that it selected very few foreigners and I have reiterated that in this sense Americans have a great advantage than teamsfrom other parts of the world … he then pointed outthat by “foreigners” he meant people whodon’t live in San Francisco.This statement really amused me but also scared me a bit.
Like every day, Daniele and I started text messaging ataround 4:30 AMand we set up tomeet at 7 AM at Starbucks.I already decided to go for a run in order to try to relax while Daniele opted for anice walk, the appointment was a few miles further to Google headquarters… our plan was to then have a good shower and then head towards Y Combinator.
In front of aCoffee Mochacupwe tried to re-readour preparation material, which were just a collection oftypical questions that YCaskedduring past interviews, questions like“what is your market?”, “howyou know that people need your product? “,”what do you have that others do not?”. We had collected about20 significant questions and they are all listed at the end of this article.
Once arrived atY Combinator, the receptionist told us that our interview would take placein the building 2. Building 2?There is a building 2???Yes there is,and it is in front of the main YC office, a smaller building with a reception, a large common room where teams wait for their interview and very small rooms where these occur.
Our interview was delayed of about half an hour, half an hour during which we started to be nervous, half an hour during which we had the opportunity to speak with Anna and Rustem (Austrians founders ofRobo), half an hour during which two guys go out from one of the interview rooms with a gelatinbrain in their hands … I am still wondering what it was.
Then theycalled us, it’s our turn.A quick glance between me and Daniele to understand that we had the situation in our hands (I am clearly ironic here).We entered the room and facing us there were 3 young boys in their early twenties. One of the them was basically leading the interview and he droves the conversation at what they were more interested in.I could describe the atmosphere as“almost friendly” … but 10 minutes go by very fastand they have to optimize that time.
The first impression is to be at a university exam, something like“Mathematical Methods for Engineering” (I still wake up at night thinking of not passing it).Personally I would have expected that we would have been asked a bit about the project, however apart from a very quick question about what we do, the product practically was not mentioned.The thing that has left us displaced was that it seemed that they had not even read our apply, in which we deeply explained what we had achieved, completed with video and demo as they requested.
However, in short our interview was more or less this:
We came out of the interview dazed … neither I nor Daniele wanted to talk.My impression was that it was a complete disaster … two years of work, two years spent fighting for an idea that seemed impossible to become reality and in 10 minutes they had not even bothered to understand what we had in our hands.We ate a hamburger, we returned to the hotel and I only remember that I slept until the next day.
If you’re accepted at the Y Combinator program you receive a call from one of the team members, but if things do not go well you receive an email with a brief explanation of why you have not been chosen.I woke up around midnight, I checked the email and I saw one of Y Combinator.I already knew what it meant, I forwarded it to the guys and I went back to sleep.Then I woke up at 5 am (standard time now) and I saw a message of Daniele telling me that he would wait for me at the Starbucks at 7.
I do not know what happened during the night, I just know that all the bad thoughts of the day before had gone away leaving a new feeling of revenge and drive to do even more, even better.My concern was for the team, how they would react to the news?How would Daniele react?Certainly we did not sailed in good waters and after many sacrifices I think that we all needed some good news.
I took a shower and then I walk to Starbucks … where I found Daniele who was working, he was concentrated on trying to fix a bug that we have noted the previous day, shortly before the interview’ beginning .Hesaid that he had been there since 5 am and he showed me the new dialog box that we could use to connect to devices via WiFi and also to diagnose possible problems.
And there I realized.
I realized that it did not matter how disastrous our experience has been with Y Combinator, it actually was the best thing that could happen to us.I saw firstly in Daniele and then also in the other team members the desire for revenge, the desire for redemption and especially the feeling of being involved in something really big … no matter the opinion that someone can give you in 10 minutes.
“Daniele, let’s enjoy our holiday in Silicon Valley now” was the only thing that I felt telling him at that moment … and so we did.We spent several days in California, visiting some mythical places that after having seen pictures and heard their names so many times, they appeared almost familiar … we “stalked” people and visited areas that can not be reported in this article… we also talked a lot about Creo and Y Combinator.
Learn by experience
We have spent a lot of time writing incredibly complex code, we have produced more than half a million lines of code, we were so buried in all this chaos of numbers and symbols that we were losing the true meaning of the reason why we were doing this sacrifice:the product.
We decided to create a product as complex as Creo not because we wanted to write tons of code, but rather to give to anyone the opportunity to be able to developapplications.Y Combinator, perhaps in a somewhat brutal, but still very effective way, made us remembering that. Although all our great and deep sacrifices, we needed to focused the one and only goal … have a product on the market. A very simple mission,that no matter how good we were, at that time we weren’t able to achieve.
Y Combinator was the right impetus at the right time.We decided not to submit any apply until we had a finished product and looking at how things are going that was the best decision we could take.For a product much complex as Creo, it has always been very hard to make plans: everyday we come across problems that seem insurmountable and new technologies that may change everything overnight time; these variables are always around the corner and they represent a huge challenge, especially for a small team like ours.But nowadays we are very close to the finished product and I think I can say that we received this last push by Y Combinator.
We’ll try again to apply to Y Combinator, because I am still convinced that their mentoring program is invaluable, not even comparable to the money they could give you.We’ll try again when we have a product on the market, with a real user base and with irrefutable numbers.
Go off and do something wonderful.
I read this sentence fromRobert N. Noyceat the Intel museum inSanta Clara and it forces me to think a lot about the startup world.It seems that today the goal of thestartups is to raiseas much money as possible, as quickly as possible and at all costs instead ofinventthe best possible products and change people’s lives.Why we werehere?For the money?Yesmoney are important and $120,000 at that time would have been a very good help … but mostly we accepted this so difficult challengejust forone purpose: to create something really innovative that can change the status quo.
So we just need to do that, we just need to“go off and do something wonderful”.