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YC will need a change in their funding model if they want to fund these type of technologies. $14k to $20k is irrelevant if you need 3 years R&D and/or $5M capi
by calcsam 13y ago
YC will need a change in their funding model if they want to fund these type of technologies. $14k to $20k is irrelevant if you need 3 years R&D and/or $5M capital to prototype; we need new metrics for funding businesses with high capital cost and/or long incubation time.
- johnvschmitt 13y agoYup. And, it can't be "idea to demo day" in 3 months for those hardware issues where iterations take weeks (or at least days) compared to hours/minutes for compile-time on software. I love the change in focus to be more bold, real, rather than just chasing easy things like software/apps/games. But, the model must change too. I think Sam & team are up for that challenge, & will adapt, so don't think of this as a permanent shortcoming in any way.
- prawn 13y agoI was expecting the RFS to finish with announcing a more variable scale of funding/timeframe or a higher bracket for a different category of intake.