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196 points kevin | 1 comments | | HN request time: 0s | source

Last month, we decided to reserve a few spots in the next Fellowship batch (F3) for the Hacker News community to decide who they’d like to fund. Startups applied publicly via HN and the community “interviewed” and voted for their favorites.

Context: https://news.ycombinator.com/item?id=11440627

We ran a poll for the top applications and the voting was so close that we decided to fund one extra startup. Here are the winners:

AutoMicroFarm (264 points): https://news.ycombinator.com/item?id=11454342

Feynman Nano (208 points): https://news.ycombinator.com/item?id=11443122

Casepad (200 points): https://news.ycombinator.com/item?id=11452884

I’ve talked to the founders of these three startups on the phone already and I’m really excited about working with all of them. We’ve disclosed all the vote totals in the original poll thread (https://news.ycombinator.com/item?id=11615639). Of course, the application that got the most votes isn’t on the final list and we’ll discuss that in the thread below.

We received 343 applications via Apply HN and over 1700 comments were generated across those posts. I was quite impressed by the quality and depth of the discussions on these applications and really loved the moments when HNers would take the time to provide quality feedback to the founders on their applications.

Thank you to everyone for participating in our little experiment. It takes a lot of bravery put your passion out there to be judged publicly and it takes a remarkable community to treat that courage with kindness and respect. It makes me very proud to be part of HN.

While we haven’t definitively decided whether we’ll do this again at this point (we’ll want to see how the companies do in the batch), I’m delighted and optimistic about what the community accomplished here.

We’ve already received a lot of great feedback from many of you on how to do this better, but please feel free to share more below.

Show context
gilrain ◴[] No.11633351[source]
I voted for Pinboard as a member of this community, even when I likely would not have voted normally, because Maciej is a smart, charismatic founder who I knew would do something brilliant with the opportunity. I'm sure there are many HN members who voted similarly, which very well might look like a comparatively odd pattern.

I'm sad that the community choice was not allowed to be made by the community, and doubly sad that the majority of us who voted for Pinboard, in good faith and within the spirit of the event, will not be able to enjoy what Maciej would have done.

Congratulations to the winners, nonetheless; this wasn't their fault.

replies(1): >>11633436 #
trowawee ◴[] No.11633436[source]
Seconding this. I voted for Pinboard because A) I use and genuinely love the service, and I was excited to see what Maciej could do with the money and B) because Maciej's statement of semi-purpose:

> I am hoping to attract a certain protest vote of the silent majority who enjoy this community, but are uneasy about the values of its founders and more broadly, Silicon Valley.

accurately reflects my feelings towards HN/SV, and I think having a dose of skepticism in the fold would be good for YC.

replies(1): >>11633541 #
nxzero ◴[] No.11633541[source]
Pinboard & the community should just do it without YC/SV.
replies(1): >>11633614 #
idlewords ◴[] No.11633614[source]
I anticipated this outcome by becoming profitable eight years ago.

But I still want my $20K.

replies(4): >>11633752 #>>11633765 #>>11633908 #>>11636308 #
nxzero ◴[] No.11633908[source]
If you're willing to raise the $20K for 1.5% of Pinboard under the same terms YC offers (minus access to YC & its resources) - I'm willing to make that happen; no guarantees, but pretty sure it's possible.

If you're interested, let me know.

replies(1): >>11633925 #
idlewords ◴[] No.11633925[source]
Thanks, but $20K is about three weeks of revenue for me. It's not as funny if I sell a piece of the company for peanuts to anyone else.
replies(2): >>11634659 #>>11653236 #
1. oneeyedpigeon ◴[] No.11653236{6}[source]
What would possibly be funny and/or interesting would be you taking this opportunity to disrupt the whole funding business, not just in a kickstarter vein, but by some means that does help to reinforce your own values. Of course, pinboard's business model already does this, to some extent, but I'm sure you could do something innovative by exploring the next level of investment.