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YC Fellowship
361–370 of 399 posts
Re: YC Fellowship
#362Is there a catch? What does YC gain from this? A larger pool of applicants to chose from for YC? Or is this philanthropic?
To me it seems to follow along the lines of VCs investing in things like npm, where they believe they might reap benefits indirectly down the line.
Re: YC Fellowship
#363Kat from YC here. Sam, Matt Krisiloff and I are happy to answer any questions about the Fellowship. You can also send questions to fellowship@ycombinator.com.
Hey Kat,
Would YC Fellowship be open to later stage startups?
We've already gone through a previous accelerator, done some fundraising (below series A) and have employees. Moving would be difficult for us since our key business is in fashion (we're in NYC) and also employees. As founders we're happy to go down to SF once in a while, but the remote option would suit us perfectly.
thanks!
Re: YC Fellowship
#364Kat from YC here. Sam, Matt Krisiloff and I are happy to answer any questions about the Fellowship. You can also send questions to fellowship@ycombinator.com.
Hey Kat, Would YC Fellowship be open to later stage startups? We've already gone through a previous accelerator, done some fundraising (below series A) and have employees. Moving would be difficult for us since our key business is in fashion (we're in NYC) and also employees. As founders we're happy to go down to SF once in a while, but the remote option would suit us perfectly. thanks!
Seems clear from the about / FAQ pages that (at least for now) the answer to this is no. But would be cool to have something along these lines available for companies that prefer remote!
Re: YC Fellowship
#365If anyone is looking for another person for their team or wants to join a team, consider me! If you're interested in discussing further after reading this, send me a message and we'll talk. I am currently self-employed as a startup consultant and freelance web developer. I have extensive Computer Science, Sales, Account Management, and Customer Success experience and have successfully started 2 small businesses in th…
Hi Tyler - you don't have an email listed - could you post one so I can send you a message? I'm a developer and it'd be nice to work with someone who has some experience like you.
Re: YC Fellowship
#366[off-topic question] I know YC asks the oversea team which got YC investment to move to Bay Area. But how do they deal with the visa? I don't think all of them have H1B or L1 visa. I heard a team moved to Bay Area with B1/B2 visa. Is it legal?
Re: YC Fellowship
#367Earlier quoted context omitted.
Really curious about your idea. I've had a few startups myself in the e-commerce/fintech space (1 failed, 1 sold) and now working in the R&D department for one of the top 3 U.S. Banks. My goal was to use my time here to figure out the next good idea, but haven't come across anything yet that would fit my criteria for a good startup. Also married and expecting twin girls, so also have the issue of giving up too much s…
Congratulations on the girls! I tell everybody that you cannot understand being a parent until it happens. Everything is 10x-100x more than what they say. You know you will love them but don't even know what that means (and it grows with each day). People say you will be tired but you don't really know what that means for the first two months. Totally awesome though. They are now why I do everything I do. Anyway, my…
Thank you! Yep, that all sounds too familiar. Everybody's been saying with twins it will be extremely tough but well worth it :) I'm kind of glad we're having twins right off the bat since there's nothing we can compare to.
Being somewhat new to the whole 401k thing (I came from another country and only had a 'real' job for the last 2 yrs) I believe I'm your target customer. Now, 2 years later I like to think I kinda figured it out. Few observations I've had so far that may help you: - my preconception is that if the employer doesn't match, there's no use to put anything in it - I'm sure I'm wrong but would be nice to have a way to (visualize?) what my gains could be anyway and prove me wrong - by default, the service provider usually invests in the employers stock (right?), I know it's possible to split it up in different funds but would be nice to get better recommendation on how to diversify the investment and be able to simply choose on a grade from 'higher return, but risky' to 'low risk but low returns'. I have had it that I had no idea where my 401k went and luckily the employers stock did pretty well during that period but would be nice still to have a better understanding/education on how to best split and allocate - probably not part of your core solution, but my wife found it very hard to transfer 401k between providers after leaving a job. I've heard from others as well as where they have 3 or 4 401k accounts with different providers because it can be hard and time consuming to consolidate.
Re: YC Fellowship
#368Earlier quoted context omitted.
Really curious about your idea. I've had a few startups myself in the e-commerce/fintech space (1 failed, 1 sold) and now working in the R&D department for one of the top 3 U.S. Banks. My goal was to use my time here to figure out the next good idea, but haven't come across anything yet that would fit my criteria for a good startup. Also married and expecting twin girls, so also have the issue of giving up too much s…
I think there is a big opportunity to innovate on overdraft protection and those crazy fees.
Totally agree, however banks actually make a ton on all kinds of 'service fees' so they like for you to overdraft and will be hesitant to do anything about it. I do believe though that if you were to start a new consumer bank from scratch, that could be one of the USPs.
Re: YC Fellowship
#369Earlier quoted context omitted.
That's an extremely terrible answer that really only serves to diminish the diversity of startup culture.
Might not be the answer you want to hear, but it's the truth. If you can not deal with the ambiguity of not being covered for long term illness by insurance, entrepreneurship is likely not for you.
No, it's not the truth. There is absolutely nothing correlating entrepreneurship with not being able to insure yourself or your family. The only reason that is right now is because the startup culture is filled with 20 somethings right out of school, and no one wants to change that.
Re: YC Fellowship
#370Earlier quoted context omitted.
Well put. Geography is vastly underestimated as a limiting factor. Not simply for $ – living in the Bay Area is barely feasible for a young person without dependents – but also the many quality-of-life trade-offs that come with a move. I hope this is a successful experiment.
As a partner at YC for over 10 batches now, I've worked with lots of great founders who have come from all over the country, and many make having families work. The cofounders of MongoHQ both moved to Mountain View with their families (with kids) during YC, and it was a crowded house but a productive one too. It can be done. There's also nothing that says you absolutely have to stay in the Bay Area afterwards. Many f…
what does the bay area offer that requires someone to uproot and come out there just for a few months?
what if the location they are already in is ideal for their business? for instance i live where we have 3 cent per kwh power, moving to SF to work on anything power intensive will increase my startup costs 5 fold at a minimum, and that is power alone, let alone everything else being 5x more costly. the insistence that people come to you is strange to me.