Since I'm not a citizen of US and have no money even for 3-month rent in sfba, but my startup prototype is a real market need and have solid technology inside of it.
Ask HN: Am I too poor for Y Combinator?
1–4 of 4 posts
Re: Ask HN: Am I too poor for Y Combinator?
#2From: http://www.ycombinator.com/deal/
> We have a standard deal at YC: we’ll invest $120k in return for 7% of the company, [...]
> We think that $120k is the right amount for founders to be able to run their company and to live in the Bay Area for around 5-6 months, and sometimes even longer. [...]
To get an official reply, you can try the contact form http://www.ycombinator.com/contact/ but read first the FAQ, in particular the part about "international founders".
Re: Ask HN: Am I too poor for Y Combinator?
#3From: http://www.ycombinator.com/deal/ > We have a standard deal at YC: we’ll invest $120k in return for 7% of the company, [...] > We think that $120k is the right amount for founders to be able to run their company and to live in the Bay Area for around 5-6 months, and sometimes even longer. [...] To get an official reply, you can try the contact form http://www.ycombinator.com/contact/ but read first the FAQ, in p…
But as international founder i wont be able to use those money, since i will have no work permit, so i cant be employed by company as CEO, and by Delawere law i believe using company money for personal spending is a good way to jail
Re: Ask HN: Am I too poor for Y Combinator?
#4From: http://www.ycombinator.com/deal/ > We have a standard deal at YC: we’ll invest $120k in return for 7% of the company, [...] > We think that $120k is the right amount for founders to be able to run their company and to live in the Bay Area for around 5-6 months, and sometimes even longer. [...] To get an official reply, you can try the contact form http://www.ycombinator.com/contact/ but read first the FAQ, in p…
But as international founder i wont be able to use those money, since i will have no work permit, so i cant be employed by company as CEO, and by Delawere law i believe using company money for personal spending is a good way to jail
IANAL, IANATE, ... I'm just a mathematician ...
It's better to ask them using the form, because they had previous similar cases and have legal counseling. (They have an email address, but I can't find it just now in the webpage.)