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When I first read your idea I thought this is the dumbest thing ever. Then as I read your responses and saw that you had an absolutely well thought out answer f
by bbcbasic 10y ago
When I first read your idea I thought this is the dumbest thing ever. Then as I read your responses and saw that you had an absolutely well thought out answer for every objection I questioned my own sanity. I think your experiment is worth a go, and I think you would make a good founder. Inface the only problem I see is how YC will make any money from you other than investing in future dollars (which anyone else can do). Perhaps I need to read your thread again to see if that was answered. But my point is you sound like you could make a good founder and I don't think there is a magic formula but desire, drive, ambition and humility will be up there in my opinion.
- Suncho 10y agoWow. Thank you for the encouragement. the only problem I see is how YC will make any money from you other than investing in future dollars (which anyone else can do). Perhaps I need to read your thread again to see if that was answered. It wasn't answered. This is indeed a challenge. If we stick to the letter of the rules for YC Fellowship, I'm not sure how much YC stands to gain by taking 1.5% equity in Greshm Dollar. One thing that might work is that we could underprice Future Greshm Dollars for YC. Or maybe we could issue call options on FGD that YC could exercise after the FGD price has risen. I'm confident we can arrange something with YC.