3 ms·

"With YC, it's a very long process as it roughly takes 4 months from applying to money in the bank." That's not true. Startups get the initial $18k + $80k on

by pg 13y ago

"With YC, it's a very long process as it roughly takes 4 months from applying to money in the bank." That's not true. Startups get the initial $18k + $80k on acceptance.

wellboy 13y ago
Ok true, then it would be 1 month application period, 2 weeks for an interview invite, 2 weeks to have the interview, so it would be around 2 months vs. 2 weeks, 4 times longer. But that's fine, because your expertise is a more long-term approach over several months, Kima's expertise are burst-investments. You have completely taken up the "hatching investments" space, Kima will completely take up the burst-investment space. I think is the next logical step of startup investments after accelerators. Just as we've now seen accelerators popping up everywhere (and now dying down), we could see Kima-clones popping up everywhere soon.
zupa-hu 13y ago
Let me disagree. Applications are 6 months apart, this makes it for new applicants statistically ~3months + the time until acceptance makes roughly 4months. Considering that lots of startup founders apply many times before being accepted, the median is easily in the years range.
- pg 13y ago
  The median application is submitted about 2 days before the deadline. It seems misleading to consider multiple applications, since we're talking here about the time between applying and getting money or a no.
  - read 13y ago
    Are you referring to the median funded application or the median submitted application? You had mentioned the day before the deadline applications are submitted at a rate of one per minute, which is bound to bring the median closer to the deadline, but only YC knows how many of the applications submitted during the last 2 days were funded. The median funded application could be submitted 2 months before that for all we know. If it's the median funded application, shouldn't you be correspondingly alarmed YC-funded startups apply 2 days before the deadline? Would setting more deadlines (having more funding cycles) generate more YC startups?
deleted 13y ago
[deleted]

by pg 13y ago

"With YC, it's a very long process as it roughly takes 4 months from applying to money in the bank." That's not true. Startups get the initial $18k + $80k on acceptance.

wellboy 13y ago

Ok true, then it would be 1 month application period, 2 weeks for an interview invite, 2 weeks to have the interview, so it would be around 2 months vs. 2 weeks, 4 times longer. But that's fine, because your expertise is a more long-term approach over several months, Kima's expertise are burst-investments. You have completely taken up the "hatching investments" space, Kima will completely take up the burst-investment space. I think is the next logical step of startup investments after accelerators. Just as we've now seen accelerators popping up everywhere (and now dying down), we could see Kima-clones popping up everywhere soon.

zupa-hu 13y ago

Let me disagree. Applications are 6 months apart, this makes it for new applicants statistically ~3months + the time until acceptance makes roughly 4months. Considering that lots of startup founders apply many times before being accepted, the median is easily in the years range.

pg 13y ago
The median application is submitted about 2 days before the deadline. It seems misleading to consider multiple applications, since we're talking here about the time between applying and getting money or a no.
- read 13y ago
  Are you referring to the median funded application or the median submitted application? You had mentioned the day before the deadline applications are submitted at a rate of one per minute, which is bound to bring the median closer to the deadline, but only YC knows how many of the applications submitted during the last 2 days were funded. The median funded application could be submitted 2 months before that for all we know. If it's the median funded application, shouldn't you be correspondingly alarmed YC-funded startups apply 2 days before the deadline? Would setting more deadlines (having more funding cycles) generate more YC startups?

deleted 13y ago

[deleted]