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Applications Open for Winter 2012 YC Funding

ycombinator.com

101–110 of 126 posts

Re: Applications Open for Winter 2012 YC Funding

#101
post #82

Can anybody that is in or has been through YC answer these questions: How difficult and costly is it to find a place in SF for 3 months? It seems like a large part of the YC money would get used up for the founders basic living expenses. Do most YC company founders go in debt / use savings / use most of the YC money, to cover personal expenses while they do this?

>Do most YC company founders go in debt / use savings / use most of the YC money, to cover personal expenses while they do this? For us Yuri and SV money investments covered everything and gave us enough to stash.

If you feel comfortable doing so, can you share what additional percentage of equity you traded for the additional investment. (A range is fine)

Re: Applications Open for Winter 2012 YC Funding

#102
post #99

Earlier quoted context omitted.

For what it's worth. 1 - There are ways around this. For instance you don't have to pay yourself a salary. 2 - I've flown in and out of the US numerous times this year and have yet to be "molested" or even go through millimeter wave scanning. Even then the radiation dose is minuscule. You'll get more exposure to radiation on the flight itself than in the scan. Don't let your fear rule you. 3 - Telepresence isn't the…

Maybe my problem is the mistaken(?) assumption that the best code is always written between midnight and 7AM.

That is not my experience. While the odd all-nighter can be productive when deadlines are looming I think many would agree it's not the best practice. Personally I like to sleep normal hours and function in the daylight

Re: Applications Open for Winter 2012 YC Funding

#103
post #99

Earlier quoted context omitted.

For what it's worth. 1 - There are ways around this. For instance you don't have to pay yourself a salary. 2 - I've flown in and out of the US numerous times this year and have yet to be "molested" or even go through millimeter wave scanning. Even then the radiation dose is minuscule. You'll get more exposure to radiation on the flight itself than in the scan. Don't let your fear rule you. 3 - Telepresence isn't the…

Maybe my problem is the mistaken(?) assumption that the best code is always written between midnight and 7AM.

[deleted]

Re: Applications Open for Winter 2012 YC Funding

#104

Earlier quoted context omitted.

Most new founders don't live in San Francisco. YC encourages you, and rightly so, to live in and around Mountain View, where rent is much, much cheaper than the city.

I dont think it is "much, much" cheaper. GOTO Padmapper.com to take a look....

Cool and very useful site, Thank You!

Re: Applications Open for Winter 2012 YC Funding

#105

Shameless plug: I want to do this 100%. I have exhausted every single person I know who codes for the passed 4 years. It pretty much comes down to "They don't want to do the work and are completely happy in their current job". If anyone is interested, I would love to be your co-founder. I have built several websites. I am experienced in both C# and Java. Ive built several Android Apps. I know DBs like the back of my…

Wait, I don't get it. If you have such skills and an idea that you truly believe in why haven't you started coding it yet? It doesn't have to be much, perhaps you can't even do all of it yourself, but you should at least TRY. If your skills with C#/Java/DBs aren't an exaggeration, I don't see any reason why you shouldn't at least start. It's great that you're looking for a co-founder, this is a great start, but just…

"I am currently iterating the idea my self through the night"

Re: Applications Open for Winter 2012 YC Funding

#107
post #96
post #95

Earlier quoted context omitted.

It's particularly ironic that you say that replying to a YC founder that lives in the same city as you. YC has never required you to live in the US beyond the 3 months that the program runs. They strongly recommend it, but there are a handful of YC companies headquartered elsewhere (with the largest contingent in and around London).

1) That's enough to ruin the Foreign Earned Income Exclusion (presuming US citizenship) for 2012. 35 days/year is all we get. 2) Short of bussing down to Mexico and flying home from there, how would one avoid sexual assault at the hands of the US government after the program ends? 3) Whoever solves this telepresence issue for problems like this once and for all will make a mint.

Hiya Sneak. As somebody with a lot of amateur experience regarding the FEIE, the Physical Presence Test is just there to provide a quick-to-adjudicate safe harbor for filers. You also have access to the Bonafide Residence Test, which a) takes zero work to apply for, b) is rarely audited for folks like us, and c) would be trivially sustained on audit if you looked like you lived abroad. Factors strongly breaking in favor of you include that YC is for a defined fairly short duration, that your living conditions in San Fran scream "temporary accomodations during work, not permanent residence", that you maintain your foreign residence in state with intent to return, etc.

I routinely spend two months a year in the US, and have never had a problem with the IRS over this. When I raised the issue with an accountant he bust out laughing. "Patrick, if the only refrigerator you own is in Japan and turned on right now, this is not a close call."

Re: Applications Open for Winter 2012 YC Funding

#108

Can anybody that is in or has been through YC answer these questions: How difficult and costly is it to find a place in SF for 3 months? It seems like a large part of the YC money would get used up for the founders basic living expenses. Do most YC company founders go in debt / use savings / use most of the YC money, to cover personal expenses while they do this?

Most new founders don't live in San Francisco. YC encourages you, and rightly so, to live in and around Mountain View, where rent is much, much cheaper than the city.

It's not terribly cheaper but you can get a studio for what you can get a nice 1 bedroom apartment elsewhere.

Re: Applications Open for Winter 2012 YC Funding

#109
post #26

I started looking for a cofounder about a month ago. I am not sure if I will find one by October 31st but the search is on. How is this evaluated on the application? Also, there was a recent clarification by the USCIS that a H1-B visa holder can work for his/her own company. Is YC cognizant of this and can it help the visa holder jump through any hoops (legal or otherwise) to be a H1-B start-up founder?

Do you have a link to this USCIS clarification?
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