Given the success of YCombinator, it is no surprise that many are trying to replicate Paul Graham’s idea, the latest being YEurope (including the Y), hoping to further accelerate the innovation cycle across the pond.
A few months ago, I asked a mildly bemused Paul Graham, what he thought about those copying his model, and here is what he had to say:
… it was inevitable that people would copy us. People don’t copy you if you are not successful. It is also a sign that it is working….
Graham’s explanation is that the cost of going from concept to product has collapsed and that is why he thinks this is a model that is going to stick. Anyway, what do they say about imitation being the best form of flattery… !