4 ms·
honest question because I hear this line from YC partners, then at that point why as founders would we need YC at all?
by qazawy1001 12y ago
honest question because I hear this line from YC partners, then at that point why as founders would we need YC at all?
- danieltillett 12y agoYou don't, but if you are dumb enough to give them a share of your business they are happy to take it.
- sokoloff 12y agoI think the math is quite favorable to taking YC investment as a +EV decision until quite a late stage in a successful startup's development. pg wrote about this pretty convincingly here: http://paulgraham.com/equity.html http://paulgraham.com/equity.html Unless you are comparing YC against an actual term sheet in your hand with at least 2X better terms, that YC is overwhelmingly likely a good deal. There might be good reasons not to enter YC for some companies, but the 6% equity is rarely the determining one, even for companies with revenue and sustainable Ramen profits.
- _sentient 12y agoThere are many multiples of "great".
- wj 12y agoHave you read the book From Good to Great? I've never applied, much less been accepted, but I imagine that YC helps you get the flywheel going that Jim Collins talks about. It sounds like everybody that participates says they make more progress in the program than they would have otherwise in that amount of time. But if you have a successful business then you probably don't NEED them. But they can still help.
- qazawy1001 12y agopaul b.??