21–30 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.
I can live off a bunch of years in Spain for that money.
Earlier quoted context omitted.
I can live off a bunch of years in Spain for that money.
Any suggestions? Spain has been a potential target for temporary relocation for me!
Earlier quoted context omitted.
Any suggestions? Spain has been a potential target for temporary relocation for me!
I got the impression that English level is really poor in Spain (when I was visiting Valencia, didn't go to Barcelona). Even with younger population - I was going out in the evening with some friends, we approached like 4 groups of 20-something and none of them could even give us basic directions. In shops and tourist places it's better but barely.
Earlier quoted context omitted.
I can live off a bunch of years in Spain for that money.
Any suggestions? Spain has been a potential target for temporary relocation for me!
> The biggest one was that Ycombinator is all about raising money, and if you are not in the mindset of 'raise as much as you can, as often as you can,' you won't fit in. 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.
We're on the same W21 cohort as OP. I remember when we started, they hammered home frugality as a key trait of successful founders. One founder talk stood out - "If they have office snacks before product market fit, you know they're going to fail". W21 wanted to put that on a T-shirt.
This advice seems to be repeated all over YC's manuals, partner office hours and culture generally.
Earlier quoted context omitted.
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…
What’s the current equity scenario again? I remember them saying it’s not fixed but what is it? And what is it practically in your cohort?
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.
So magicbell is a dropdown displayed with an API? $99 /month for 2000 users? I don't understand what problem is trying to solve your startup. To me it seems that you're trying to sell a library more than a service.
So magicbell is a dropdown displayed with an API? $99 /month for 2000 users? I don't understand what problem is trying to solve your startup. To me it seems that you're trying to sell a library more than a service.
I am glad that something like magicbell exists.