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$1,000 and the ability to say "Backed by Google" might go a lot further than you would think. There are probably plenty of people who would be willing to do som

$1,000 and the ability to say "Backed by Google" might go a lot further than you would think. There are probably plenty of people who would be willing to do something as prestigious as YC for free, so I don't imagine it'll be impossible for Google to find several willing takers for their offer. They only need a tiny fraction of these companies to succeed for the program to be considered successful by traditional venture capital metrics , so there's not a lot to lose for Google here.

bosky101 14y ago
Just To give some perspective to the $1000... it costs: - < $1/month for a .in domain - $20/month for an unlimited 250kbps internet connection - $20-$100 a month, should cover phone bills for startups that need to make a lot of calls - $200-$400 for a studio apartment ( my first startup had 3 startup teams sharing rent for a 3 bedroom apartment where we shared food/bills/wifi/etc ) - $250 for 30 pizza's a month, $150/month for 3 subways/day for a month OR ~$100/month if you spend $2 per meal - $200/month for the cheapest dedicated machines if you choose to host at a good local vendor. higher for the cloud based ones of the same config. - $75-$100, and you should be able to fly half way across the country if you can plan your tickets early enough, (or lesser if you're frugal about timings ) - $50 worth of free adwords is what new businesses get occasionally on signing up for adwords. i'd be surprised if they increase this incentive alone by 20x though. Misc notes... - $1.5/litre for petrol, $1 for diesel - $100/month for an iphone 5 - $5000 is the usual limit you can withdraw at most ATM's - $300-$1000/month, and you should be able to start hiring fresh graduates you could train ~B