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.
Michael Seibel, CEO of YC, is doing an AMA
161–170 of 317 posts
Re: Michael Seibel, CEO of YC, is doing an AMA
#162What are some of the more well known YC companies of the previous 3 years? Some posterchilds like Dropbox and AirBnB were a few more years ago. (from traditional IT category, not FinTech, etc)
Re: Michael Seibel, CEO of YC, is doing an AMA
#163I haven't worked on the idea/MVP I applied with last time, instead working on scaling my existing business. Last time I didn't get an interview. Is there a point in applying again with the same idea? The only thing that would have changed is that my other business, listed as an accomplishment, is now 5 times as successful. (In the 350k range vs 70k.) I was also thinking of applying with that business, but it's not re…
We got in on our second try with the same idea :). I think it's a good sign if you stuck with it and got some traction. We had even written this (embarrassing) medium post on how not getting in was a good thing: https://medium.com/@Open_Listings/what-we-learned-from-yc-su...
Re: Michael Seibel, CEO of YC, is doing an AMA
#164Earlier quoted context omitted.
Surely he just means a break from YC. And running YC was a job that required always being "on-call" in the early days.
"on call"? Plenty of businesses require the entrepreneur to be 'on call'.
Re: Michael Seibel, CEO of YC, is doing an AMA
#165Can you provide some info on how does YC support hardware startups? More specifically, what is a good stage to apply? 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).
Re: Michael Seibel, CEO of YC, is doing an AMA
#166Can you provide some info on how does YC support hardware startups? More specifically, what is a good stage to apply? 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).
Speaking of, there's a void in the VC market for funds that invest in the R&D stage like this.
Re: Michael Seibel, CEO of YC, is doing an AMA
#167Re: Michael Seibel, CEO of YC, is doing an AMA
#168Hi again Michael, another quick one for you: how important is charisma to be a succesful founder? Do you think YC's application process is skewed towards accepting people who are great at talking?
Re: Michael Seibel, CEO of YC, is doing an AMA
#169Hi Michael, Is YC actively looking for partners with hardware startup experience? Correct me if I am wrong currently YC doesn't have any. The only one I recall is Luke Iseman (great guy) that left this year (currently a YC alumni). thanks for taking the time to reply.
Luke is actually in the current YC batch. There will be a YC alum working with hardware companies in the next batch - announcement coming in the next month or so.
Re: Michael Seibel, CEO of YC, is doing an AMA
#170Sam Altman wrote about the current make up of YC founders based on their gender and ethnicity. If I recruit two co-founders of color and one woman primarily for the purpose of getting into YC is that shunned upon?