4 ms·

YC is still making these investments, they are simultaneous working to save the middle class because without that group of people we will have a lot less startu

YC is still making these investments, they are simultaneous working to save the middle class because without that group of people we will have a lot less startups. I think what they are trying is important enough to risk some cash on and I'm eager to see how it pans out over the next couple of years.

logicallee 10y ago
if it were making such investments in the same spirit as before, it wouldn't also call $120K a "small amount of money" on its front page. I think what I object to is the silent change from investing an average of $18K to investing $120K and still calling the latter a small amount of money. It's really not. also let's be clear: from an investment standpoint, investing $12K instead of $120K means that startups can do ten times worse while still being a free investment. put another way: a tenth as many need to succeed to be free. People behave very differently under such conditions of risk! Also investing $12K made them an investor of first, last, and only resort for startups that needed that. sorry, anecdotally this is actual fact. granted, this does not describe most startups, just a few.
- simbalion 10y ago
  In some countries $18 thousand dollars would feed their family for years. Americans are so sheltered many have broken minds.