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It means in theory they are letting people apply without an idea/company. YC tried this years ago, I believe they found it wasn't effective. It's basically the
by pedalpete 5y ago
It means in theory they are letting people apply without an idea/company. YC tried this years ago, I believe they found it wasn't effective.
It's basically the "fund the team not the idea".
- umeshunni 5y ago> YC tried this years ago, I believe they found it wasn't effective Do you have any details of this?
- whb07 5y agoThey funded people who could build but had no ideas themselves. The entire batch was a dud. Not people who had basic ideas and wanted funding.
- marapu 5y agowww.joinef.com [entrepreneur first] has been wildly successful with this model since 2012. They pool together founders pre-idea a couple times a year and have them start companies together in batches. If you get investment I believe the deal is 80,000 GBP for 10% - aggressive deal but worth it considering their network.
- pedalpete 5y agohttps://antler.co https://antler.co has a similar model