I have a question about the YC Fellowship model. If I had an idea, which I knew would never likely grow beyond $1M in revenue, just because the market is so ni

I have a question about the YC Fellowship model. If I had an idea, which I knew would never likely grow beyond $1M in revenue, just because the market is so niche. B2C, but the entire consumer group is probably only in the region of 10,000. I'd imagine the company would probably max out at 4 or 5 employees. I have little to no interest in building a product out to $100M or aiming at an IPO. The YC Fellowship rules indicate that the $20k funding, for convertible security, at least assumes the goal is $100M or IPO.[0] I'd very happily offer 1.5% right up front for $20k, no need to worry about convertible security, as long as it was clear my aim was never to hit $100M or IPO. Would such a view exclude me from a YC Fellowship grant and thus Apply HN? [0] https://blog.ycombinator.com/fellowship-v2 https://blog.ycombinator.com/fellowship-v2