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I was just about to ask about them. I'm curious how YC works with companies like them and Boom Supersonic. They get in, and are given $120k in seed funding. The

by orb_yt 10y ago

I was just about to ask about them. I'm curious how YC works with companies like them and Boom Supersonic. They get in, and are given $120k in seed funding. Then what? You can't build aircraft with $120k. Im interested in hearing some insight on this.

tyre 10y ago
For most teams, YC's financial investment is the least valuable part of the program. Much more valuable: - 3 months of intense focus on product and growth with feedback - access to and advice from YC partners - community of other founders in the batch who are going through similar issues - access to other YC founders (partnerships, advice, etc.) - social proof to investors, press, customers of having done YC
- orb_yt 10y ago
  Sure, but they still need to build a plane, and not just any plane, but an aircraft never before built. What do you think their game plan is moving forward?
  - tyre 10y ago
    The team needed to build such a plane might be far removed from the network or knowledge needed to raise the money necessary to build such a plane. In that case, YC is tremendously helpful in giving the platform to raise enough money to do all of the hard things involved in building a plane that's never been built. Time is the most precious resource in startups. One way to get more time is to have a phenomenal team, so you do things faster (either by building the right things faster, having the expertise to not build the wrong things, etc.) Another way is by having more money, so you have a longer time to figure things out. When I say that the $120k isn't what is valuable about YC, I don't mean money in general. The fiscal benefit just tends to come indirectly, from access to platforms (Demo Day, press), investors, and pitch advice.
  - onion2k 10y ago
    Not immediately. Businesses that have these immense goals are about research, discovery and innovation in smaller elements of something. It's an incremental process with additional investment along the way, each step going a bit further to proving your team can do what you've set out to do, until eventually you have the whole product.

by orb_yt 10y ago

tyre 10y ago

For most teams, YC's financial investment is the least valuable part of the program. Much more valuable: - 3 months of intense focus on product and growth with feedback - access to and advice from YC partners - community of other founders in the batch who are going through similar issues - access to other YC founders (partnerships, advice, etc.) - social proof to investors, press, customers of having done YC

orb_yt 10y ago
Sure, but they still need to build a plane, and not just any plane, but an aircraft never before built. What do you think their game plan is moving forward?
- tyre 10y ago
  The team needed to build such a plane might be far removed from the network or knowledge needed to raise the money necessary to build such a plane. In that case, YC is tremendously helpful in giving the platform to raise enough money to do all of the hard things involved in building a plane that's never been built. Time is the most precious resource in startups. One way to get more time is to have a phenomenal team, so you do things faster (either by building the right things faster, having the expertise to not build the wrong things, etc.) Another way is by having more money, so you have a longer time to figure things out. When I say that the $120k isn't what is valuable about YC, I don't mean money in general. The fiscal benefit just tends to come indirectly, from access to platforms (Demo Day, press), investors, and pitch advice.
- onion2k 10y ago
  Not immediately. Businesses that have these immense goals are about research, discovery and innovation in smaller elements of something. It's an incremental process with additional investment along the way, each step going a bit further to proving your team can do what you've set out to do, until eventually you have the whole product.