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Thought experiment: if YC invested $0, for the same stake, how much would it reduce their number of applicants? My guess is that the reduction would be minimal.
by byrneseyeview 18y ago
Thought experiment: if YC invested $0, for the same stake, how much would it reduce their number of applicants? My guess is that the reduction would be minimal. A small number of people would decide that it wasn't worth it, lots of people would live off of savings, and most of the rest would borrow (or find very early seed investors to do a preferred round) rather than miss out.
- pg 18y agoIt would make us sloppy about who we accepted. While $20,000 is much smaller than a series A round, it is still a lot of money. It makes us think hard about who we want to fund. Plus there are some groups that really do need the money. Half at least.
- byrneseyeview 18y agoDo they need the money in the sense that they don't have $20K in savings, or in the sense that they can't/won't borrow or raise the money in some way?
- pg 18y agoAt least in the first sense. Hard to say for sure about the second, since they don't need to.