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what I'd like to know is (yes I've been rejected again) is should I consider organizing now... or continue coding and again hope to get picked up by yc in the n
by xenoterracide 18y ago
what I'd like to know is (yes I've been rejected again) is should I consider organizing now... or continue coding and again hope to get picked up by yc in the next round (yes I know I don't need yc). they say the don't like dealing with existing paperwork. I'd also like to know if anyone has seen YC fund something that wasn't a web application.
- swombat 18y agoAs kyro said, being accepted or rejected by YC should not be a determining event when it comes to "should I continue". Yes, you should continue, in the same way you would have if YC had never existed.
- xenoterracide 18y agothe question is not one of 'should continue' it's one of should I go out and organize and start building the legal entity now, or should I code for 6 more months and try again.
- swombat 18y agoThat I can't answer, since I'm not familiar with the legal kerfuffle surrounding incorporation in the US. In the UK, incorporating takes about an hour and costs £50, but I hear that it's a lot harder and more onerous in the US.
- xenoterracide 18y agoI don't know about incorporation, but an llc takes about as much in the US. it's not really an easy question generally. I'll probably end up waiting until closer to a 'production' release
- jlees 18y agoDo you need to build a legal entity to go out and talk to people etc? A lot of people over here at least get warned against incorporating until they absolutely need to.