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Reverse YC funding program. PG, what's your thought?

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Re: Reverse YC funding program. PG, what's your thought?

#21
This is the situation that I'm in. I work in the mortgage industry and I've identified a problem and solution that I never would have seen otherwise. I have a solid tech understanding but my skills are not currently good enough to produce the quality of web app I want.

I don't want to wait too long and I don't know how long my window of opportunity will be open so I've hired a coder to begin development. However, if I could have been paired with a coder and a little funding I'm sure things could have been easier and I might have been able to be to market right about now.

Re: Reverse YC funding program. PG, what's your thought?

#23

Fallacy: If they are sales geniuses/marketing geniuses, they won't need you to get the 15k. They don't need a YC. They have the loot and the connections already. The good thing about technical entrepreneurs is that they know if their projects in mind are realistic. They can also actually go out and build it exactly how they envision it rather than relying on someone who works according to their own schedule with thei…

i ll answer that when you answer what exactly is "talented developer/programmer". We can both write books on the subject.

The only riff raff you get will be unsuccessful sales/marketing people. Your basically going to be paying for an idea. I am inexperienced but from what I have read, ideas are not worth a whole lot...

I would hope that the answer to your question is farely obvious......

Re: Reverse YC funding program. PG, what's your thought?

#24
I am just glad the reddit guys didn't think it was impossible to change the way we get/submit news or any web relevant content. By saying it can't be done what you are really saying is I am not up to the challenge . Now I am not saying this is easy task.

Re: Reverse YC funding program. PG, what's your thought?

#25

This is the situation that I'm in. I work in the mortgage industry and I've identified a problem and solution that I never would have seen otherwise. I have a solid tech understanding but my skills are not currently good enough to produce the quality of web app I want. I don't want to wait too long and I don't know how long my window of opportunity will be open so I've hired a coder to begin development. However, if…

Thank you

Re: Reverse YC funding program. PG, what's your thought?

#26
post #7

How would you provide the technical help?

Hire developers for 2 months and work on the apps. Invest 15,000 for development like PG maybe. I mean guy launched truemors for 12K

I don't think that would work too well. You'd need to find a few exceptionally talented hackers that would be interested in helping a variety of founders implement their ideas technically for a significant stake (eg 6%) in the company. I'm not sure there's anyone who can code that much.

Realize also that Y Combinator doesn't discriminate against non-technical people, except that the applying company has to have at least one technical founder.

Re: Reverse YC funding program. PG, what's your thought?

#27

> I will fund marketing and sales geniuses > We will provide them with the technical help This is quite common already. Remember all those companies everyone made fun of in the 1990s, like Pets.com? That is how they came about.

Correct me if I am wrong. But I believe in those situations they would fund your idea and let you hire techies. Now how can you hire a dev when you do not know what ajax is? So the program would will provide the best teams and ideas with technical support. People who know the differnce between php and ruby and scaling and browser based etc....

You're saying that you would help the marketing/sales guy outsource the programming, right? So how are you going to defend your product against anyone else that has $15k?

Re: Reverse YC funding program. PG, what's your thought?

#29

Earlier quoted context omitted.

Yes, I am responsible for hiring people at my startup. It is really hard for me to hire people, and I know what I'm doing. With that in mind, what you are suggesting is impossible.

Partner. "Difficult takes a day, Impossible takes a week." This is how revolutions are started

The problem with startup hiring isn't that you need to think harder about it, it's that it's an inherently low-information situation. The factors that make a good employee often depend as much on what the startup is doing and how that squares with the employee's goals rather than any innate personnel factors.

For example, I'm leaving my day job. My reasons for this are complex and I'm not going to air all of them in a public forum, but they boil down to "It's not a good fit for me anymore." Thing is, there was no possible way we could know that when I was hired, because I was a good fit back then. My job description now is totally different than it was back then - in fact, when I was working with a coworker to come up with a job advertisement for my position, I realized that I would not have applied for my position as it currently exists. I've also grown as a developer - when I took this job, I thought Java was a decent-if-not-great language, I thought dynamic languages were unsuitable for real work, I had only passing familiarity with Haskell, I didn't really know JavaScript (though I listed it on my resume), and I basically didn't know what I wanted out of my career. I even mentioned during my interview that "Yeah, I don't know if this is something I really want to do, but I can't know that until I give it a try - after all, when I took my last programming job, I didn't know if programming was something I wanted to do, and that worked out great." Come to think of it, I still don't know what I want out of my career, I just think that this particular startup I'm working on is more likely to be it than my current job.

In my experience, the best indicator of job success isn't raw programming talent, it's how much the programmer believes in the product. That's why cofounders usually need to be friends before they can work together. Oftentimes, you'll have to take a leap of faith that you're on the right track, and you need to trust your cofounder to do that. I don't see how you can test for that with a third-party service. You can take the absolute best programmer in the world, stick him in a project he thinks is boring, and he'll suck at it.

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