11–20 of 100 posts
Remote batch brought 1 more real benefit of YC: $125k. Before COVID when you have to relocate to Bay Area this is just a living fee for a low quality house + personal spendings. Now, 125k is almost a lot for pretty much any place on the planet. Therefore, many remote entrepreneurs can be more relaxed on raising capital. I'd say you even can decide to "bootstrap" with this money + GCP/AWS credits.
Remote batch brought 1 more real benefit of YC: $125k. Before COVID when you have to relocate to Bay Area this is just a living fee for a low quality house + personal spendings. Now, 125k is almost a lot for pretty much any place on the planet. Therefore, many remote entrepreneurs can be more relaxed on raising capital. I'd say you even can decide to "bootstrap" with this money + GCP/AWS credits.
I can live off a bunch of years in Spain for that money.
Did you give your equity just for this? it doesn't sound a good deal on your side.
I probably didn't do a good job in listing down all the benefits. I skipped the biggest one - the YC network. It's an amazing network that's ready to adopt new products as well as invest in them. YC also gives you a lot credibility. If you don't have a pedigree (previous exit, FAANG network), it's your buy-in in the big league. Besides they invest 125k, which may not sound like a lot but is a good first cheque in tha…
This must have changed. I went through YCF #2 and we were essentially laughed at each time we mentioned staying local or becoming profitable. Literally the only thing our advisor talked about was raising.
Did you give your equity just for this? it doesn't sound a good deal on your side.
I probably didn't do a good job in listing down all the benefits. I skipped the biggest one - the YC network. It's an amazing network that's ready to adopt new products as well as invest in them. YC also gives you a lot credibility. If you don't have a pedigree (previous exit, FAANG network), it's your buy-in in the big league. Besides they invest 125k, which may not sound like a lot but is a good first cheque in tha…
Nice write up on your experience in YC, thanks for that. How much do you think you get distracted by talking and listening with others in your YC network vs actually focusing on your product? As a lone wolf programmer, I avoid talking to people
I've built things solo with my PhD (dropped out), and collaboratively in a startup.
The biggest mistake we make is building the wrong thing. We need to talk to people, whether it's customers, co-founders or colleagues to correct all the incorrect assumptions we've made, but can't see.
If you're building something new, there's likely to be many, many incorrect assumptions...
Remote batch brought 1 more real benefit of YC: $125k. Before COVID when you have to relocate to Bay Area this is just a living fee for a low quality house + personal spendings. Now, 125k is almost a lot for pretty much any place on the planet. Therefore, many remote entrepreneurs can be more relaxed on raising capital. I'd say you even can decide to "bootstrap" with this money + GCP/AWS credits.