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Both my co-founder and I have kids. I would have given up 15% to do YC if I had to. The money is beside the point, but it’s enough, even in the Bay Area. It wa
by austenallred 9y ago
Both my co-founder and I have kids. I would have given up 15% to do YC if I had to. The money is beside the point, but it’s enough, even in the Bay Area.
It was, hands down, the best and most important thing our company has done.
And we were profitable before YC began, so we didn’t need it.
- ausjke 9y agoSo why is the YC/120K the most important thing your company has done even though you don't need it financially, YC somehow helps you to expand quickly?
- adventured 9y agoThe YC provided money is the least important benefit to doing YC. The parent very specifically notes that money wasn't the most important thing, you appear to have glossed over that. The value of getting accepted and how that acts as a filtering mechanism to prime venture firms. The network: YC alumni, investors, executives in the industry, mentors, etc. In other words, getting into YC will usually: enable you to raise venture capital from the best VC firms far more easily; it'll open doors that you previously likely could not open (especially for newer entrepreneurs); it'll help you with recruiting talented and experienced employees (critical to success); it's a halo, by getting accepted into it, you get to borrow reputation from what YC has built up.
- deleted 9y ago[deleted]