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We applied to YC, and Shogun grew 30% during the month between our application submission and our interview. We got in to the Winter 2018 batch. This makes ver
by le-mark 9y ago
We applied to YC, and Shogun grew 30% during the month between our application submission and our interview. We got in to the Winter 2018 batch.
This makes very little sense. If you had a proven, growing product in a large market, why not just go for some angel investment or even series A funding? At this point maybe you just need some cash to seize the oppurtunity ie fund some developers to add polish, marketing, advertising to draw customers. A paltry YC batch investment seems trivial, certainly less than you need. Also a business based on Shopify and n1, n2, ... nx where x < 10? Seems like a lot of risk.
- jamestimmins 9y agoThis sounds similar to a popular meme: 1. "some developers to add polish, marketing, advertising to draw customers" 2. ??? 3. Profit In reality it's much harder than that. And while I haven't gone to YC, it's clear that they thought what they would benefit from YC in terms of funding, connections, and expertise is worth more than what they were giving up in equity.
- deleted 9y ago[deleted]
- le-mark 9y agoWell, that is the question, what benefit does a drag n drop shop builder get from YC? Genuinely curious here.
- Finbarr 9y agoThe same benefits that any other startup gets from YC (in my opinion): - Prescriptive, expert advice and course correction at pivotal moments. - A forcing function around fundraising (Demo Day). - Access to opportunities in the wider community. - Name brand investor that helps with hiring.