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Great news! Sounds like a good model (essentially, YC's again) and a good team, and off to a lean/substantive approach. I happen to have 2 different education
by mkramlich 16y ago
Great news! Sounds like a good model (essentially, YC's again) and a good team, and off to a lean/substantive approach.
I happen to have 2 different education startup projects, one of which might be a good fit for Imagine K12. However, the logistics and economics of moving out to SF for 3 months are making me hesitant to apply yet. I live in Colorado, no longer the college student age/stereotype, etc. But the team and mission is exciting. (YC is awesome too, of course, but the living-in-SV-area-for-months thing has been a big negative for me with their program as well.)
I plan on analyzing some cost of living numbers, see if I can make the dollar part at least make sense. Whether I could do it for $500/month, or $1000/month, $2000/month, and what each level would get me. And it's not just the direct cost of living, I'm also a guy with a career, paying client gigs, etc. so there's a financial opportunity cost. Yes, yes, bootstrap myself, obviously, and I already am, but I also see the value in getting mentors and introductions and the biz dev connections into the education market. Cash infusion is almost an afterthought, and giving away 6-10% is so small at the seed stage that it is nothing to worry about.