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There's another benefit to doing $17k/2 - you get to build up your YC alumni at over four times the rate of $80k/2.
by crystalis 16y ago
There's another benefit to doing $17k/2 - you get to build up your YC alumni at over four times the rate of $80k/2.
- pg 16y agoYes, that's true. I forgot to mention that, but it is now a very deliberate strategy. When we started YC we didn't even realize we'd produce an alumni network, but it is becoming more and more important.
- mortuus 16y agoCould the YC model compete with undergraduate education?
- pg 16y agoIt would be most accurate to say it competes with MBA programs. I could say with a straight face now that if you want to learn about the startup end of the business spectrum, you'd be better off doing YC than going to B school. But I wouldn't say that about college, because so much of what you learn in college is social.
- jmintz 16y agoSome of us have dropped out of top MBA programs (Dave and I were at UChicago) to participate in YC. And I haven't regretted my decision for a second. Most of my entrepreneurship focused MBA friends would trade in a heartbeat (and some have applied to YC). Although they are definitely selective the top 10 MBA programs take in ~5000 students a year while YC will only take ~200-250/yr at 35 companies per session.
- random42 16y agoCan you please elaborate how YC Alumni network helps?