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Are there any plans to do a normal YC program (7%/$120k) but also be inclusive of remote teams? 0% for $12k is obviously a great deal, but my main stumbling bl
by Schwolop 11y ago
Are there any plans to do a normal YC program (7%/$120k) but also be inclusive of remote teams?
0% for $12k is obviously a great deal, but my main stumbling block has always been the loss of income from dropping paid work, and $12k over two months is barely half an engineer's salary - let alone to cover multiple team members.
That said, it may well be enough to make someone like me think "well, at least I won't be earning zero dollars..."
- hazzajay 11y agoYou aren't "earning 12K" you are using that 12K to kick start your idea.
- tjculbertson 11y agoAmen brotha. That is the difference between employees and entrepreneurs when the bubble bursts.
- Schwolop 11y agoOk, rephrase that as "at least I'm only losing 80% of my salary instead of 100%". Plenty of people who could create great things are also saddled with families and expenses that run to 80+% of their disposable incomes. It's all well and good to suggest that an individual can live on ramen noodles, but a family and young children cannot and should not have to. That leaves only a few options left for such people to start a company: do it on the side in evenings/weekends; and save up a nest egg then quit/reduce your job to work on the startup. Suggesting that willingness to forgo having a family is a pre-requisite for entrepreneurship is fallacious.