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You are wrong. So, so, wrong. If you were allowed to, the best thing you could possibly do for your early stage company would be to go take $100,000, nay $500,
by vessenes 11y ago
You are wrong. So, so, wrong.
If you were allowed to, the best thing you could possibly do for your early stage company would be to go take $100,000, nay $500,000 plus 30% of your stock and give it to Paul Graham in exchange for being let in to YC.
It's not just the education you get, nor the peer pressure of being in a 'class' with other companies, it's also the social cache, the network of other YC funders, the access to investors, and lately, the benefits of YC punishing investors who treat their portfolio companies badly.
Good/Great investors are all people you would always pay to have on your board, and gunning for your company. The money they give you helps keep the lights on and grow, but it's really a proxy for getting (and holding) their attention and focus on what you need to succeed.
- jacquesm 11y agoThe big draw of YC to me seems to be the alumni network, that's the real gold and with every class that network expands.
- kristiandupont 11y agoI am wondering hos this dilutes over time though. I mean, if I was in a select group of 100 people, I would pick up the phone if one of them rang and wanted my help. However, as that group grows to 1000, it would be less likely and at 10.000 I would probably not bother. But maybe there are stronger ties within the batches?
- infinite8s 11y agoThat's also the draw for Harvard Business School.