4 ms·
$80k is peanuts. Apparently these folks haven't learned the lesson that you get what you get what you pay for! Maybe $80k is enough for some ridiuclous $2 iPho
by n00b101 14y ago
$80k is peanuts. Apparently these folks haven't learned the lesson that you get what you get what you pay for!
Maybe $80k is enough for some ridiuclous $2 iPhone game or some startup for making a website for adding a single puny feature to an existing social network and having 15 minutes of fame.
But $80k is nowhere near enough money to create an Enterprise solutions startup. I laugh at your $80k and the hubdreds of flight-by-night, gimmicky, bullshit, small businesses that you will burn your money on.
It takes at least $5 million over 5 years to startup a serious business that has any chance in hell of becoming a real billion dollar company. That is the future.
$80k ... it's insulting to people with real ezperience, real ideas, real businesses and real explosive growth potential. You will never fund the next Apple, Microsoft, Google, Oracle, NVIDIA, etc ... You're just going to fund a whole lot of infantile business projects and a whole lot of fail.
- deleted 14y ago[deleted]
- wmboy 14y ago$80k is guaranteed, but it's not stopping other investors to make million dollar investments if it's recognised as being the next Microsoft.
- photorized 14y agoI don't think they are targeting people with real experience though.
- gridspy 14y agoApple and Microsoft were both making money before they had spent $80k. Apple was selling hobbiest boards, Microsoft the license to DOS. You don't have to build a whole company, just find a market and become sustainable.
- n00b101 14y agoApple was created my making devices on breadboards, that doesn't mean that the next Google/Apple/Microsoft will be able to do the same thing. Times have changed, the barriers to entry are slightly higher. $1MM to seed a company, that's the minimum... unless you are only interested in infantile businesses like glorified classified ads, crappy thow-away games, or one-trick pony "cloud" services... $80k doesn't even get you a hot dog stand!
- robryan 14y agoYou realize some of YCs biggest successes to date such as Dropbox and airbnb only got the maybe from YC, no start fund.
- n00b101 14y agoSteve Jobs rejected Dropbox and called it a mere feature, not a business, and then Apple created there own version. Airbnb ... again, it's just a small business at best. If I could seed my startup idea with $80k I would bankroll the damn thing myself using my own savings, instead of selling my company down the river on a convertible note for a paltry sum. Yes, I have $80k to blow because I have real experience making real money. No, 80k does not come anywhere close to the investment needed to seed a real business.
- zbruhnke 14y agoyeah, you're totally right man. Heroku, Dropbox, Airbnb ... those guys are all flops that never got anywhere coming out of YC ...