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> We also hope that this deal will encourage more founders of any age and from every demographic group and geographic location to take the leap into the startup
by SmellTheGlove 5y ago
> We also hope that this deal will encourage more founders of any age and from every demographic group and geographic location to take the leap into the startup world.
Again, haven't gone through YC, but this was a topic I raised with (IIRC) Kyle and Jared during a Startup School Q&A, from my perspective as someone who is a little more senior in my career, has a family, but not really the safety net of a prior exit or generational wealth to fall back on.
I will tell you that this news had me thinking about my ideas again. This would give me the runway to ship an MVP prior to having to raise again, which is significant because it means I could validate that MVP or decide to do something else. Fundraising is distracting and takes time away from building, so instead being able to align my personal expense runway with startup expense runway would be pretty significant.
As of this moment, I'm thinking about whether my ideas are shitty or not between meetings :D
- phlipski 5y agoSame. $500K is huge for us older engineers with families. Let's not forget - the average age of successful entrepreneurs is 45... (ok unicorns average 34 - but they're f&cking UNICORNS!!). https://www.bloomberg.com/news/articles/2021-05-21/what-s-the-average-age-of-a-startup-founder-it-s-34-study-says https://www.bloomberg.com/news/articles/2021-05-21/what-s-th...