We're trying a new experiment in the next funding cycle: we're suggesting specific ideas for startups and we're building this into the application software.
Dear Investors, Users, and Snaptalent Fans,
From founding the company in 2007, we've had a crash course about the nuances of the online recruitment space. We'd like to announce that we've made a decision to move on from Snaptalent and return the majority of capital raised back to investors now than continue.
reMail (W09) had an in-depth review in Xconomy today.
Tim Ferriss and Kevin Rose's thoughts about YC (at 8:19). Kevin was one of our speakers this summer and was a big hit with the founders. He told us a lot of very interesting stuff about the history of Digg that even we'd never known. Tim has invested in 2 YC startups (Posterous and RescueTime) and has helped out a bunch of others. Thanks guys!
Congrats on the launch!
JobSpice (S09) launched today. It's so easy to build a fabulous looking resume! If only this had been around when I was job hunting, I would have been spared tons of frustration-- from formatting to managing all the different variations that I had saved on a disk.
At some point during each YC cycle, each startup and I stand in front of a whiteboard and we try to figure out what the essence of the company is. Why should anyone care about this startup? What are they making better, and how?
We do this not just to figure out how to think of and explain the company, but also as a check. If we can't come up with much that's new, then maybe the startup should expand its scope.
Usually these notes get erased in a day or two, but the founders of Directed Edge photographed theirs. (The writing on the right is some robot calculation of Trevor's.)