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You've probably already thought the following but just in case: "A year of runway" will vary by individual. Thus part of the infrastructure for your accelerato
by iandanforth 8y ago
You've probably already thought the following but just in case:
"A year of runway" will vary by individual. Thus part of the infrastructure for your accelerator should be a series of locations where costs are minimized. a.k.a. We know a great hacker house in Kansas, or "we've done the numbers and if you want to work out of Mexico, you still save money even if you need to fly to California once a week."
You might also consider a structure whereby participation also offers health insurance as a bunch of individuals / tiny companies buying market rate care is usually not an efficient use of capital. This will also attract a more mature crowd who (testable hypothesis warning) might be particularly good at building this kind of business.
- rwalling 8y agoThese are good suggestions, thanks! I'm noting them down...
- rmason 8y agoPeople I know who've been through YC tell me that one of the most valuable and continuing pluses is the social network for YC founders, I believe they call it BookFace? Definitely consider doing something similar. Since you don't compete maybe YC would give you the source code?
- zrail 8y agoOffering health insurance is a great idea. It probably wouldn't even be that hard. Set up a subsidiary of TinySeed to employ all the founders on W2 and then set up that subsidiary on something like Justworks that offers cost effective group health insurance. Part of the runway could be delivered as W2 salary.
- 100-xyz 8y agoProbably a little off the beaten path: However, I know of government supported accelerators/incubators in China that will give free office space and a small stipend for foreign companies to register and work in some cities. Combine this with tinyseed and you are looking at a nice runway.