3 ms·
The money is helpful if you're close to seed stage, but the network and brand cachet are invaluable. For example, recruiting is crucial for early-stage startups
by exolymph 5y ago
The money is helpful if you're close to seed stage, but the network and brand cachet are invaluable. For example, recruiting is crucial for early-stage startups, and it is MUCH easier to recruit high-level talent (and get them to accept more equity in lieu of more cash) when you have a name-brand VC committed.
- skeeter2020 5y ago>> brand cachet are invaluable. This was much more a value when there was only a handful of companies in each cohort. Now there's 3 groups: * YC~low number~ that I've heard of: Original signalling value * YC~low number~ that I've never heard of: zombie * YC~high number~ : new batch of spray and pray This is unfair but my initial reaction