Here is the pattern of what YC looks for in startups and founders (but they don't tell you):
1. Young 18-24 year olds, (anything beyond this age bracket is suspect to them and highly frowned upon)
2. Stanford, Harvard, MIT, Ivy League, Oxbridge, Ex-FAANG, Ex-Goldman/JPM, Ex-Bain/Bridgewater, Ex-Jane Street/Citadel, etc.
3. New Hyped Industries, (AI, Crypto, Web3, SaaS)
4. Anything on Request For Startups (RFS)
My guess is that YC selected BeerMe because the founders hit all these points and believed they that could pivot beyond the initial pitch of BeerMe.
Most investors now don't invest in the company but in the founders and their ability to pivot or expand their TAM once they capture initial growth and eventually to become revenue generating.
It doesn't look like BeerMe took off as they hoped (AI is the new hotness now not much about crypto) so it looks like they stalled and probably failed in the trough of disillusionment.
Here is the pattern of what YC looks for in startups and founders (but they don't tell you):
1. Young 18-24 year olds, (anything beyond this age bracket is suspect to them and highly frowned upon)
2. Stanford, Harvard, MIT, Ivy League, Oxbridge, Ex-FAANG, Ex-Goldman/JPM, Ex-Bain/Bridgewater, Ex-Jane Street/Citadel, etc.
3. New Hyped Industries, (AI, Crypto, Web3, SaaS)
4. Anything on Request For Startups (RFS)
My guess is that YC selected BeerMe because the founders hit all these points and believed they that could pivot beyond the initial pitch of BeerMe.
Most investors now don't invest in the company but in the founders and their ability to pivot or expand their TAM once they capture initial growth and eventually to become revenue generating.
It doesn't look like BeerMe took off as they hoped (AI is the new hotness now not much about crypto) so it looks like they stalled and probably failed in the trough of disillusionment.