4 ms·
YC only gives $14,000 for one founder ($11,000 + $3000n) http://ycombinator.com/apply.html http://ycombinator.com/apply.html. Maybe it's a lean YC, plus India i
by 6ren 14y ago
YC only gives $14,000 for one founder ($11,000 + $3000n) http://ycombinator.com/apply.html http://ycombinator.com/apply.html. Maybe it's a lean YC, plus India is cheaper than US (esp SV), as you say.
EDIT I've heard YC funding gives about 3 months, so 1-1.5 months is 1/3-1/2 that. Of course, one expects to take a pay-cut when doing a startup - the test is not whether it's comparable to a job, but whether one can actually survive on it. (note I also said a "lean YC") BTW: I also find fascinating the idea of non-urban startups, since all you absolutely need is internet - rural living would be far cheaper (in US too).
- ankeshk 14y agoIndia is cheaper but not 14 times cheaper. $1000 doesn't go far in urban India. Its 2 weeks salary for awesome developers in India. One to one and a half months salary for ok to good developers.
- nmdtyvb 14y agoUSA GDP PPP: $49,601 India GDP PPP: $3,851 12.88 times cheaper Maybe it's not enough for "awesome developers" who can choose between jobs, but still it can provide young people (without families) enough money to pay for shelter and food for many months. Even in Poland (GDP PPP $20,334) it's enough to survive for 2 or 3 months.
- Achshar 14y agoIf you are comparing YC to this then YC partners also give an option for 80k promissory note with no cap (IIRC) in the center of the biggest startup hub in the world. And $1k is relay not that much in a big city like Bangalore. Definitely not even enough for a company of (say) 3 for at least 3 months with just living and bare lean operation costs (broadband, rent, electricity, hosting).