11–20 of 25 posts
Earlier quoted context omitted.
Check out #5 and #8 on this page: http://ycombinator.com/s2007.html I think they will cover whatever you want initially (eg, moving expenses, renting a place), but my interpretation is that that comes out of the 5+5n.
Right - that's what I had assumed. From what was said in the thread above, it sounded like moving costs were above and beyond, which I didn't think they were.
If you got accepted into the program, why would you not be able to afford it? YC pays your moving expenses up front.
This is why YC's audience is typically college students and very recent grads, who are less likely to have additional obligations. Or, rather, originally the YC concept was geared towards this audience, and the funding amount is an artifact of that.
'afford' is not necessarily a monetary term. Perhaps an ailing grandmother or other responsibilities in the community make it too costly to move.
There is the argument that "is your startup not important enough to leave everything else behind" ... but thats being a little too harsh.
Earlier quoted context omitted.
Right - that's what I had assumed. From what was said in the thread above, it sounded like moving costs were above and beyond, which I didn't think they were.
"Moving costs" for anyone inside the US is sure to be less than $1000.
If I was doing YC for a summer, I wouldn't need to move. I could just fly there with a couple of suitcases and a laptop, but I'd need some way to cover my existing apartment rent. That's a pretty significant expense over 3 months. And I suspect YC is not looking for companies who see the experience just "doing YC for a summer."
The alternative is to convince YC that proximity isn't the most important thing. (It is an important thing, I understand, but it's not the most important thing.) It'll take a very compelling story.
We once tried funding a group that didn't move. When they flew in for demo day, they looked like the plant that hadn't gotten the Miracle-Gro. The upside of that rather expensive experiment was that it showed us how much YC helps people.
If you got accepted into the program, why would you not be able to afford it? YC pays your moving expenses up front.
Is that true? I didn't pick up on that fact. I just assumed that is was 5K + 5Kn.
If you got accepted into the program, why would you not be able to afford it? YC pays your moving expenses up front.
perhaps 5000+5000n isn't enough to cover your actual expenses for the period.. perhaps you have a mortgage, or dependents, or debt, or a lease that can't be broken, or you need health insurance (see other thread)... This is why YC's audience is typically college students and very recent grads, who are less likely to have additional obligations. Or, rather, originally the YC concept was geared towards this audience, a…
Earlier quoted context omitted.
"Moving costs" for anyone inside the US is sure to be less than $1000.
How can you say that with such certainty? I moved from Washington, DC to the Bay Area last fall, and my costs were significantly higher than $1000. Even if I cut all the corners, a hypothetical move to Boston would still cost me thousands of dollars. If I was doing YC for a summer, I wouldn't need to move . I could just fly there with a couple of suitcases and a laptop, but I'd need some way to cover my existing apar…
1. Move
It's easier to do it in three steps:
1. "Do YC for a summer" 2. Secure more funding 3. Move