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My understanding is that most people do not apply to YC for the money
by danhak 16y ago
My understanding is that most people do not apply to YC for the money
- tptacek 16y agoAnd 35 year olds don't apply because they don't want to spend 1-3 years making 30-40k/yr. It's not complicated.
- danhak 16y agoI'm not sure what you mean by this. Are you suggesting that older individuals are less willing to take financial risk? I agree with that, but where is your 30-40K number coming from?
- replicatorblog 16y agoWhen you think about it though, Plenty of 28-30 year olds take on $100K in debt and forfeit as much or more in lost wages to get an MBA. Through that lens YC and an angel round seems like a great deal relative to the network and opportunity you get.
- deleted 16y ago[deleted]
- tptacek 16y agoVery few 35-40 year olds are going to give up 75% of their income for any reason. Nobody's criticizing YC here though; we're all just making the obvious point that YC trends young because people with established careers in tech make a lot more money in a year than many YC participants will see in several.
- jon_dahl 16y agoOn the other hand, a majority of YC companies over the last year or two raise significant funding pretty quickly. A modest angel round can support a spouse/kids/mortgage lifestyle.
- swolchok 16y agoI used to be under the impression that one was obliged to take a low salary while employed by or founding an early-stage startup. Your seemingly sincere comment and an anecdote from a friend who was offered a quite competitive salary are starting to change my mind.
- maxawaytoolong 16y agoJust remember that 100K/yr is "low" to the guys giving you your $10M series A.
- tptacek 16y agoI can sum up your odds of pulling down a 10MM A round by saying "you are not going to get a 10MM A round".
- maxawaytoolong 16y agoI've worked at 3 consecutive startups that each had $10M+ series A rounds...
- tptacek 16y agoI'm sorry to have written something that could be misconstrued as saying "there are no startups that get 10MM A rounds", but I was actually making a more subtle point.
- maxawaytoolong 16y agoI'm really stupid... what was your point?