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Founders are in the driver's seat. That's what y-combinator was originally all about. Get ramen profitable, then you have a long runway and can pick and choose
by phkahler 4y ago
Founders are in the driver's seat. That's what y-combinator was originally all about. Get ramen profitable, then you have a long runway and can pick and choose what - if any - additional investment makes sense for you. Unfortunately there has been a shift from empowering founders to exploiting them.
- kodah 4y ago> Founders are in the driver's seat. In my experience this was never true. They always got screwed unless they managed to stay past IPO with some position. I have no idea whether this was the ideology behind ycombinator. I always saw them as a mix of investment and business school that focused on tech.
- phkahler 4y agoThey originally focused on founders who were supposed to build their MVP at ycombinator - themselves. But no I see solicitations to hire key technical people for startups that only have an idea and some motivation but not the skills to make it happen themself.