4 ms·
Hey Sam. I'm considering applying with my nonprofit edtech startup (a new crowdsourced education system that's peer-to-peer and mobile -- built around software,
by KeatonDunsford 10y ago
Hey Sam. I'm considering applying with my nonprofit edtech startup (a new crowdsourced education system that's peer-to-peer and mobile -- built around software, like Watsi). I'm a solo-founder still currently building the MVP.
Quick question 1: Is there a "Delaware C Corp" equivalent for the incorporation process/legal structures of nonprofits by state, or does it not matter?
Real question: Is there something to be said about founders waiting until they have users and initial growth to then use the YC opportunity to transition towards growing their company? In other words, if a startup is only getting one shot to go through YC, generally is finding initial product-market fit harder, or is growing the company?
Granted, the latter can't happen without the former happening first. But it would seem that for some founders that have genuine insights into real big problems, it would suck to waste the opportuniy of YC just "checking the boxes" of building their MVP, which they could know how to do already from PG's essays/YC's blog/Startup Class -- whereas they could be getting genuine advice on problems unique to their specific domain problem if they just waited and applied later.
- sama 10y agoQQ1: It does not matter. RQ: In general I think waiting is a mistake, except that you should wait long enough to have a good idea about what you're going to do.