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Yeah, cperciva, I read the "Summer 2009 Funding" post and raise the question. YC, I am a bit confused with the sentences: "$5000 + $5000n is not a lot, but it
by jacktang 18y ago
Yeah, cperciva, I read the "Summer 2009 Funding" post and raise the question.
YC, I am a bit confused with the sentences:
"$5000 + $5000n is not a lot, but it turns out to be enough. It will cover at least 4 months' living expenses, and that is enough time to build something nontrivial."
After 4 months, what milestone should the team arrives so that you judge the project is promising? should I prove the business model is correct in the 4 months?
- YuriNiyazov 18y agoIf you notice, they state that you can spend the money that they will be giving you however you want. After 4 months, it is not YC that will be judging you. It will completely depend on where you want the company to go, if anywhere at all. If you are looking for VC funding, then your measure of success is whether or not you find it. If you are just aiming to grow slowly and naturally, then your measure of success will be a slow burn rate and a clear road to ramen profitability.