31–40 of 436 posts
Check sizes are 125k now; you won't be able to hire a rockstar dev but you have something to hang onto for a year if you budget wisely: https://www.ycombinator.com/deal/
He lost me with the whole "make founders take on massive personal debt to survive" tweet. Removing that particular stressor, particularly from people from poorer backgrounds who lack the access to that kind of credit is how we get a better sampling of ideas.
He lost me with the whole "make founders take on massive personal debt to survive" tweet. Removing that particular stressor, particularly from people from poorer backgrounds who lack the access to that kind of credit is how we get a better sampling of ideas.
Yeah, he calls it a "filtering function"... yes, to filter out people without safety nets.
If startups are coming into YC with a more mature product than in the early years (and it seems that way), then adjusting the focus towards fundraising actually makes sense.
Not to repeat what's been said in other comments, but to say that founders should be willing to put themselves in deep financial risk to prove their drive...that just comes from an incredibly privileged mindset.
It reminds me of the people saying that if their school is going online-only, students should instead take gap years to build something, incorrectly assuming that no one needs that student loan money for living expenses.
Earlier quoted context omitted.
Yeah, he calls it a "filtering function"... yes, to filter out people without safety nets.
Not a filtering function - I know of a few founders who scrapped by on Medicaid and food stamps for years to build a successful business by they had no savings
Earlier quoted context omitted.
The solution may be wrong, but the idea is right. If people can just casually come into YC with no particular consequences for failure, that greatly reduced drive to succeed. "I'll just go back to FAMGAN after" or "I'll be able to transition from MBA grad + YC to something high paying" I don't think is great for success drive.
you can be motivated without going hungry. not being able to afford basic things is extremely stressful and takes time away from doing whatever YC wants them to do - that time is spent making sure that food is on the table. exactly the opposite of what you intend.
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Yeah I noped out of this as soon as I saw it. The guy is suggesting investing in startup founders but not giving them enough to live while they get that company off the ground. What is the point of that? Completely self-defeating.
It is not YC’s job to support the company. That is the founders job. I’d suggest money supporting the company at seed diverts from a focus on monetary fit asap. $25k is enough to scrap by for enough months which should be the initial goal
He lost me with the whole "make founders take on massive personal debt to survive" tweet. Removing that particular stressor, particularly from people from poorer backgrounds who lack the access to that kind of credit is how we get a better sampling of ideas.
Earlier quoted context omitted.
Not a filtering function - I know of a few founders who scrapped by on Medicaid and food stamps for years to build a successful business by they had no savings
But why put founders through that added stressor if YC easily has the resources to prevent it?