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My understanding of the Fellowship was to fund very early ideas, not to just be a way to sneak into YC funding. The problem which I understood the Fellowship t
by pedalpete 11y ago
My understanding of the Fellowship was to fund very early ideas, not to just be a way to sneak into YC funding.
The problem which I understood the Fellowship to be addressing is that so many later stage companies apply to YC that it is very difficult for a pre-revenue company to compete.
If YC 'should' invest in Pinboard, why not invest as part of YC and not YC Fellowship?
- tptacek 11y agoIf you read the YCF page, Pinboard hits basically all the criteria: - Single founder, not a large group - Hasn't raised any outside capital - Working on idea full time. He's even local to YC! The YCF page says you don't need traction to apply. It doesn't say you can't have traction. Moreover, it turns out that the funding structure for "Apply HN" is "YCF terms". But that doesn't mean "Apply HN" and "YCF" are the same concept. Finally, isn't Pinboard basically running away with the HN vote for "Apply HN" at this point?
- pedalpete 11y agoGood points. I understand that Apply HN and YCF are not the same concept, but I was under the impression that Apply HN applications were going to take 2 YCF positions.