3 ms·
The YC investments are primarily intended to cover the 2 R's (Rent and Ramen) for a small founding team to take a working prototype to a thought-out demonstrabl
by brk 16y ago
The YC investments are primarily intended to cover the 2 R's (Rent and Ramen) for a small founding team to take a working prototype to a thought-out demonstrable working v1.0 (or V0.9) kind of release.
Some portion of the proceeds may also be spent of server resources, development machines, google ads, logo designs, or whatever. Technically, like any funding, the founders can spend it almost anything, but they are expected to make progress toward a launchable product.
- donohoe 16y agoThat helps - I could also see this as a big help to those who still have the day-job and need to push things further - would that be typical too, or at this stage have people fully comitted?
- byoung2 16y agoI think YC looks for at least 1 person who can commit full-time to the startup. If you're working for the man, that's at least 10 hours a day M-F that you're not working on your startup. That's 220 hours a month that you could be putting in work on building your product, reaching out to bloggers, pitching investors, etc.