acecreamu

8 ms·

31.
by acecreamu 4y ago
No one clearly knows, but it should be there for a reason. We used a referral when applying and I would recommend finding one. Won't hurt for sure, prob will increase the chances to be seen.
32.
by acecreamu 4y ago
When we took the money we were planing to build up the original idea, not to start another one. For the consecutive growth of the original idea it wouldn't be an issue.
33.
by acecreamu 4y ago
We didn't take 375k in fact. In W22 batch they were optional, and would trigger MFN for many. As for the rest of money, we returned what has been left. That's why closing so rapidly - to be able to return more.
34.
by acecreamu 4y ago
That's why we did it, instead of spending money dragging the decision or even taking more money and spending them while building mediocre company, we wind up operations in a shortest term, and returned everything, to minimize damage fo
35.
by acecreamu 4y ago
Here, https://www.ycombinator.com/investors 1.5 - 2% Harvard: 4%
36.
by acecreamu 4y ago
There is a referral program, hey
37.
by acecreamu 4y ago
Not really, that's why I don't put an evaluation criteria of "how close you going to get with the star founders". It's silly to expect that. I only expected and discusses the community engagement within the batch, a
38.
by acecreamu 4y ago
That's an interesting perspective! Do you feel YC companies get too pampered / arrogant?
39.
by acecreamu 4y ago
Purely based on numbers YC is more selective ;)
40.
by acecreamu 4y ago
In fact I (OP) have, we went through EF before YC. They do give you a stipend regardless whether you make it to the second stage (investment)
41.
by acecreamu 4y ago
I replied to a comment which stated exactly that, and my point that it's false.
42.
by acecreamu 4y ago
Exactly, a rational facts-driven investor is a myth
43.
by acecreamu 4y ago
> When you're one of a thousand companies every year, why would it? Exactly, therefore making very questionable the whole "YC network" concept
44.
by acecreamu 4y ago
There are a lot of good, even in what I write. The strongest I believe is the early and fully independent support for ideas that received no other recognition yet.
45.
by acecreamu 4y ago
Huge % of dilution after going through two accelerators (EF and YC). Would be too much of a burden to drag into a new venture.
46.
by acecreamu 4y ago
I can say, we didn't see significant uplift at Demo Day, the highest bump of valuation happened when we got accepted, it's fair to assume we wouldn't get it otherwise. I can't answer your question completely as in the en
47.
by acecreamu 4y ago
I think they did a right move - making the batch smaller and moving it back in-person. The money amount that was not very attractive at 2021 makes a lot more sense in 2023 as well. As for the community I believe it can only be build relativ
48.
by acecreamu 4y ago
Any investor would hate this idea, it's a terrible deal for them, and YC are smart enough to get it out of you. The whole business of VC is to sell later at the higher price. If they give you money at val of 5M+ and you sell for 2M - t
49.
by acecreamu 4y ago
Add one angel or one early commit of 10k to it and the uncapped SAFE turns into a very bad SAFE. Basically it blocks you from flexibility of building up fundraising moment gradually.
50.
by acecreamu 4y ago
As a YC founder, never received a single reply to a couple of emails sent to Garry Tan ;(
51.
by acecreamu 4y ago
You're right, it feels contradictive. On the defense of YC, I would say, they aim to make you think in terms of metrics and $ from day 1, perhaps?
52.
by acecreamu 4y ago
> They are there to give you access to hundreds of exceptional founders Is there anything you can't do on your own? Like finding email and writing? Mentioning that you're from YC in the beginning adds less to the conversion tha
53.
by acecreamu 4y ago
That's totally true, we also heard that the attitude is dramatically different if you're in the top of the batch. Unfortunately, long-term performance is proven to not correlate well with performance during the batch, and YC are t
54.
by acecreamu 4y ago
These are good points! Especially for founders who don't have any founder-group in the first place, YC may be a source to create one. These things are really important, just that in comparison I saw alternatives which can help with it
55.
by acecreamu 4y ago
It's been an only option during Covid times. I believe now the program is still remote-friendly, tho everyone is encouraged to come in-person (particularly because it became crystal clear how harmful the remote experience is)
56.
by acecreamu 4y ago
Happy to honestly answer any brutal questions you have!
57.
Is Y Combinator worth the money?
815 points by acecreamu 4y ago|334 comments
58.
Microsoft makes Outlook for Mac free to use(theverge.com)
1 points by acecreamu 4y ago|0 comments
59.
YouTube’s new leader announces new priorities (AI tools, shorts)(theverge.com)
3 points by acecreamu 4y ago|2 comments
60.
Esther Crawford is leaving Twitter(twitter.com)
9 points by acecreamu 4y ago|0 comments

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