Book Title: The Launch Pad – Inside Y Combinator
Author: Randall Stross
Its an unusual book. Its a page turner. Its an experience.
It is not a dramatised version of a science fiction novel, but a matter-of-fact story of a real happening. ‘Y Combinator’ was the world’s first accelerator. Though Paul Graham does not refer to it as an accelerator, the phenomenon has really caught on.
This book is more like an ethnographic account of what makes ‘Y Combinator’ a celebrated place in the valley. The author gained access to spend time through one cohort and write a detailed account. The story gives us an idea of how a startup is selected, what they go through and how they prepare themselves for growth. While acceleration seems to only speed up the process of testing and going to market, there is no assurance of success or a sure-success pill.
I enjoyed reading the book. It seemed more fiction than non-fiction. There are interesting anecdotes and experiences that startups, ecosystem stakeholders and policy makers can learn from. Though Silicon Valley itself has enormous lessons for building entrepreneurship ecosystems, places like ‘Y Combinator’ provide equally compelling models of creating ecosystems for catalysing entrepreneurship.
I read the book because of my interest in the phenomenon of accelerators. But startup founders, policy makers, entrepreneurship ecosystem support stakeholders – all equally have interesting take aways from the book. If not anything else, it is a well written story of what happens in the world of startups.
Enjoy – happy reading!