4 ms·
Because the sort of people that would work for $10 aren't the ones you want reviewing funding applications.
by wheels 17y ago
Because the sort of people that would work for $10 aren't the ones you want reviewing funding applications.
- vaksel 17y agoI'm not saying that the person would review all the apps at $10/pop. Just the extra that pg can't manage. + its not like it'd be peanuts. Let's say YC gets 1,000 applications this summer. That'd be $10-20-$100K(depending on how much they'd charge) to go towards the extra person to review the app. I dunno about you, but 10-20-100K for a month's worth of work is hardly peanuts. If you use the $100 price point, that's $200K/yr just to review funding apps for 2 months. Plenty of cash to "hire" some angel investor as a "consultant", who'd be able to do this and still have the time to do his regular "job", the other 10 months out of the year. + talk about synergy, the angel investor would be able to get in on the ground floor, to fund the program graduates at show and tell, and if pg passes on some project that the angel thinks has merit, he can fund them outside of YC.
- wheels 17y agoAngel investors are already rich, by definition. We're talking about the sort of people that can write a check for $50k and not really sweat it. They're not looking for contract work that will pull them $10k. They'd probably be more interested in becoming a YC partner, as in a sense Paul Buchheit and Ron Conway have become. The people qualified to do this sort of thing are either rich or insanely busy, which is why they'll probably do it if Paul's calling in a favor, but not to make a buck.
- mrtron 17y agoI would rather have 6 or 7 more companies funded than drop 100k having someone sort through applications.
- wlievens 17y agoUnder this proposal, the applications pay a small fee, so the total operation is neutral.