Y Combinator Is Boot Camp for Startups

Graham calls everyone’s attention to the whiteboard, where a timeline labeled “The Process” depicts the steps that every entrepreneur must navigate on the way to building a successful startup. It looks like a mountain range, climbing and falling as it enumerates a series of small victories and crushing setbacks: The TechCrunch of Initiation, Wearing Off of Novelty, Trough of Sorrow, Releases of Improvement, Wiggles of False Hope, and finally an upward slope climbing to the Promised Land, where Acquisition of Liquidity awaits.

(Full Story: Y Combinator Is Boot Camp for Startups)

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