4 ms·

How about someone who needs guidance more than money. Like, someone who is currently employed and wants to do something on the side till it makes sense to go so

by yumraj 17y ago

How about someone who needs guidance more than money. Like, someone who is currently employed and wants to do something on the side till it makes sense to go solo and maybe would need funding at that point. Would YC be interested/willing to consider this model and engage with such founder(s) to help review ideas, business models etc.?

pg 17y ago
What would have to change for it to make sense to go solo?
- brlewis 17y ago
  Since the OP hasn't replied yet, I'll chime in with an example: Suppose his is the sole income supporting a family of 5, and he needs financial resources to feed, clothe, house, educate, and entertain 5x as many people as the typical YC founder. What would have to change would be the availability of said resources.
- yumraj 17y ago
  brlewis is close, I will add mortgage :). I can live on a Ramen-diet (I prefer cereal though), but not everyone is in(or just out of) college. The process I'm envisioning is: 1) YC helps founders in this situation vet their ideas, possibly get in touch with others in similar situation and form teams (if needed). 2) YC obviously takes a small stake, but not necessarily puts any real money (or puts just some money). 3) Teams build whatever they are building. Yes, these teams will take longer than dedicated teams. 4) YC helps along with guidance. 5) Once the product is beginning to take shape, founders quit their jobs and try to get funding and launch venture. I know it will be argued that in this case I'm just trying to have my cake and eat it too, but I don't think what I'm suggesting is totally unreasonable.
rms 17y ago
Check out the program run by The Funded. I think they are probably the only program out there for very early stage companies that really lets you keep your day job. http://www.founderinstitute.com/ http://www.founderinstitute.com/
messel 17y ago
This is my preferred model as well. Is it too conservative to to build a product that users will like first before seeking outside investment?

by yumraj 17y ago

pg 17y ago

What would have to change for it to make sense to go solo?

brlewis 17y ago
Since the OP hasn't replied yet, I'll chime in with an example: Suppose his is the sole income supporting a family of 5, and he needs financial resources to feed, clothe, house, educate, and entertain 5x as many people as the typical YC founder. What would have to change would be the availability of said resources.
yumraj 17y ago
brlewis is close, I will add mortgage :). I can live on a Ramen-diet (I prefer cereal though), but not everyone is in(or just out of) college. The process I'm envisioning is: 1) YC helps founders in this situation vet their ideas, possibly get in touch with others in similar situation and form teams (if needed). 2) YC obviously takes a small stake, but not necessarily puts any real money (or puts just some money). 3) Teams build whatever they are building. Yes, these teams will take longer than dedicated teams. 4) YC helps along with guidance. 5) Once the product is beginning to take shape, founders quit their jobs and try to get funding and launch venture. I know it will be argued that in this case I'm just trying to have my cake and eat it too, but I don't think what I'm suggesting is totally unreasonable.

rms 17y ago

Check out the program run by The Funded. I think they are probably the only program out there for very early stage companies that really lets you keep your day job. http://www.founderinstitute.com/ http://www.founderinstitute.com/

messel 17y ago

This is my preferred model as well. Is it too conservative to to build a product that users will like first before seeking outside investment?