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$3 billion total... That’s enough money to give $100,000 to 30,000 startups.
by billme 6y ago
$3 billion total...
That’s enough money to give $100,000 to 30,000 startups.
- scarface74 6y agoI mean that’s simple math. But $100K won’t pay the fully allocated cost of one senior developer for a year in a medium COL area.
- keeganpoppen 6y agowhich is not the kind of thing startups of that size worry about... yc gives $150k...
- scarface74 6y agoI don’t think the money is that relevant when it’s that small. It’s more about the connections. Or is that what you were saying?
- billme 6y agowhat exactly is a startup to you? (Assure you a $100k to a startup is not the same as $100k to Google.)
- scarface74 6y agoWhatever $100K is to someone, I know that what I said about salary is true. I’ve worked for small VC back companies with less than $10 million in revenue. $100K wouldn’t have made a difference either way.
- billme 6y agoHere’s small scale examples of $100k making a massive difference: https://www.businessinsider.com/where-are-they-now-peter-thiel-fellowship-2017-3 https://www.businessinsider.com/where-are-they-now-peter-thi... That said, $100k is not a salary and if someone needs $100k+ salary to do a startup for a year, startups are the wrong choice.
- scarface74 6y agoYes. That’s fine if you’re not adulting - with kids, bills, the need to pay health insurance etc. If I were under 26, no responsibilities and could get on my parents insurance sure.
- billme 6y agoThis has nothing to do with age, being an adult, being in US, etc.; sure, you have a set of assumptions, but they apply at best to you, not the world.
- mdonahoe 6y ago“Peter Thiel launched a program that awards $100,000 to promising young entrepreneurs who are willing to drop out of college” Your example explicitly mentions age as one of the requirements.