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I'm particularly interested in thoughts you have about how you lay Y-Combinator type investment on top of it. What's the right strategy? Having those folks give
by nlwhittemore 18y ago
I'm particularly interested in thoughts you have about how you lay Y-Combinator type investment on top of it. What's the right strategy? Having those folks give some development time to nonprofits is just one idea. Another idea would be to actually have promising college-age developers have a year long fellowship where 50% of their time was pro-bono and 50% of their time was working on their own projects.
- noodle 18y agoi will admit to two things -- one is that because of my lack of ability to execute currently, i've not thoroughly thought through things as well as i would like to have done before airing my ideas in public :). and two, you've taken it in a different direction, which i like, but don't have many thoughts on. the concept i was thinking about was not to give any actual cash to any company, but exchange the services of the space for equity. basically, whatever they would need to survive for X months, including (possibly) food and a place to sleep. would allow the company to focus on bootstrapping themselves when they don't have to focus on paying for groceries, and by bootstrapping themselves, they would hopefully become profitable faster without having to worry about obtaining more funding or dying from excessive debt. i'd not thought about the idea of diverting some time to worthy causes, but i do like it and would probably implement it, as it works well with the model on several levels. edit: added a few things