Tuesday, April 19, 2011

How getting kicked out of YC may have been the best thing to happen to Jon Crawford

As we all know, not everybody gets into Y-Combinator, and even fewer get into YC and get kicked out. However, getting kicked out may have been the best thing that ever happened to the founder of Storenvy, Jon Crawford.

If you haven't checked out Storenvy, go ahead and do it now... we'll wait.

According to the about page, Storenvy is a social marketplace of cool stuff from thousands of indie sellers. As Crawford says, it's "Tumblr for e-commerce."

Crawford (and two founders) made the Summer 2010 cut as a late interviewee, and within seven days of getting accepted into YC Crawford took his wife and dog and moved from Kansas City to the Bay Area.

However, his co-founders weren't too keen on the idea and never made the trip. That decision killed Crawford's chances to be apart of that class.

So did the dream die? H-E-Double-Hockey-Sticks NO!!! But it did suck for awhile.

He recruited his wife Janette to serve as the functioning co-founder and hustled his way to success. After a few months, Crawford closed a $1.5 million Series-A from Spark Capital, First Round Capital, Kleiner Perkins and Charles River Ventures - not too shabby for a YC Reject.

So was he mad at YC?

"I want to make it absolutely clear that I have the utmost respect for Paul, Harj, Jessica and everyone affiliated with Y Combinator. It's an amazing program that produces amazing companies. Paul made the right decision to not fund Storenvy, given the circumstances. I wish it had worked out, and I recommend that every single startup apply. But I hope people reading this realize that there can be life after a YC rejection."

You can check out the whole story on Crawford's blog.

2 comments:

  1. If you stop after a single rejection, you were not so determined to become an entrepreneur.
    Always get up after falling down!

    ReplyDelete
  2. The problem is that too many people give up after their failure or they see no path to success. Respect for Crawford's hustle.

    ReplyDelete