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Having worked at both small and big companies, I can say you can learn a lot of different things at both. Diversity of experience is valuable. Speaking of YC,
by murgindrag 5y ago
Having worked at both small and big companies, I can say you can learn a lot of different things at both. Diversity of experience is valuable.
Speaking of YC, I'd love to have a Y Combinator for older, more established folks with track records....
A lot of the structure doesn't support older founders. E.g.: "We’ll invest $125k in return for 7% of your company using a 'post-money' Simple Agreement for Future Equity (the 'YC Safe'). We think that $125k is currently the right amount for founders to be able to run their company and pay expenses for around 5-6 months, and sometimes even longer."
$125k will support a team straight out of college. It won't support a team at a stage of their life when they have e.g. families or kids.
- ckdarby 5y ago> $125k will support a team straight out of college. It won't support a team at a stage of their life when they have e.g. families or kids. It won't support some at the stage of their life when they have kids or families. Just like it won't support some straight out of college because they're not going to want to make the sacrifices or have commitments that prevent them.
- Areading314 5y agoAlso most senior folks don't need 125k because they could and should just self fund this amount
- sgtnoodle 5y agoEstablished folk with a track record and a seemingly good idea can just look around and find investors willing to throw in millions of dollars. I've seen it happen a couple times myself.