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We thought about that, and we made a point of making the YC application something that would be to the advantage of startups to complete even if they never subm
by pg 16y ago
We thought about that, and we made a point of making the YC application something that would be to the advantage of startups to complete even if they never submitted it.
And conveniently for founders, there is a certain practice that's common among YC-like organizations that makes the cost of multiple applications low (e.g. http://www.ventures.io/apply http://www.ventures.io/apply).
- cperciva 16y agoI agree that the YC application is useful per se and not just as a route to funding -- in that respect it was a bad choice of example, but it was the example of funding application paperwork which people here are most familiar with. But I still think that investors will need to compete not only on how quickly they can decide to fund a startup but also based on how much effort it takes to apply -- with the important difference that in the first case investors will notice if they lose ("sorry, you took too long to get back to us, and we've already got all the investors we need for this round") and in the second case investors will simply never see the deals.