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He says "the check sizes are too big" as if they're giving prelaunch startups $50M or something. The $125k that YC gives startups is nowhere near big enough to
by KoftaBob 6y ago
He says "the check sizes are too big" as if they're giving prelaunch startups $50M or something. The $125k that YC gives startups is nowhere near big enough to remove the drive/urgency to succeed.
If startups are coming into YC with a more mature product than in the early years (and it seems that way), then adjusting the focus towards fundraising actually makes sense.
Not to repeat what's been said in other comments, but to say that founders should be willing to put themselves in deep financial risk to prove their drive...that just comes from an incredibly privileged mindset.
It reminds me of the people saying that if their school is going online-only, students should instead take gap years to build something, incorrectly assuming that no one needs that student loan money for living expenses.