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As the FAQ says, they charge for office space, food, resources, guest speakers, etc. To a certain extent it helps companies understand the value of their cash.
by cloudwalking 14y ago
As the FAQ says, they charge for office space, food, resources, guest speakers, etc.
To a certain extent it helps companies understand the value of their cash. Rent and benefits are costs that (almost) all businesses bear. $50,000 is a lot of money and some founders burn through it too quickly. Mentally, it's a lot different than YC's $15,000.
- friendstock 14y agoThey provide a prime office location (top floor of the tallest building in downtown Mountain View) and regular catered meals (several meals a week) as part of the multi-month accelerator program. When we took part in the accelerator, we were initially surprised by this charge, but found it to be a minimal charge relative to all that 500S provides.