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We are working on building a demo-quality HW prototype, with the ETA of ~6months. That means we will not be focused on growth, but on tech development. Should we wait until we have a working system and apply to YC when we are ready to scale and grow it (this is our current thought).
If a startup has taken a lot of dilution before applying for YC, is YC flexible enough to not dilute the founders but come up with a structure that makes them get 7% through a secondary sale or some other tactic which makes sense for that specific situation?
I have mostly come to the conclusion that the answer is no because YC likes to do stuff in a standard way and there is no room of flexibility w.r.t that aspect of the program terms. Just wanted to confirm that though.
Hi Michael, is it a good idea to apply to YC to find quality co-founders? or in other words what is the right way for a single founder to apply? thanks.
Follow up: What would be the fastest, most efficient way for someone highly technically proficient to learn just enough business operations/basic 101 stuff to be functional?
Earlier quoted context omitted.
Expanding, what do you think about team that are working part-time while working to develop MRR that would make them ramen profitable? How negative of a signal is that?
I think that if you are bootstrapping cause you need to in order to pay the bills then that is totally fine. If you can work full-time on your startup and your are aren't - you should ask yourself why.
How does the $120k get allocated to the startup? Can cofounders take a tiny piece as a monthly income?
Seeing some of the recent startups that have come out of YC and learning about what they're working on; I can't imagine how they'd scale to a billion dollar business. Question: Is this a signal that YC is now investing in companies that don't have such lucrative paths? If so, how does YC justify such a decision to their partners.
Just asking cause you may be interested in my product, (or in accepting me in your summer session haha).
Seriously though, startup accelerators never talk about their internal tools, any insight?