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A not-so-obvious reason to apply to YC

yvonne.posthaven.com

31–34 of 34 posts

Re: A not-so-obvious reason to apply to YC

#31
post #22

Earlier quoted context omitted.

I would assert that a recent graduate who wants to be an entrepreneur is mostly doing themselves a disservice by studying those things. It focuses your thoughts on how to run a business rather than how to solve a problem or turn an industry on its head. Sure, many of those things could come in handy in the future - but there are far more difficult things which you also have to learn "as you go".

Entrepreneurship isn't limited to VC-funded moonshots. Lots of people just want to be their own boss and run a viable business.

Great point.

Interestingly, I see several tech startups of this nature started by folks having a deep understanding of a specific business problem due to their prior work experience tend to create such startups.

As a service provider for small businesses, I see many amazing bootstrapped services & products come up around the world, that serves a very specific need for a small subset of customers. These viable businesses tend to make enough for the needs of 2-3 folks for a long time. I have a strong inclination towards finding many of them as a service provider because they just tend to be some of the best customers with great ROI.

Re: A not-so-obvious reason to apply to YC

#32
post #2

>YC is at its core a group of great people. Correct me if I'm wrong but I actually thought that was the obvious reason to most applicants. A $120k investment from YC doesn't provide that much runway. That kind of money doesn't give much wiggle room for founders to splurge on luxuries like Aeron chairs and fancy cappuccino machines. That amount is to allow a small team to live in near-poverty in the SF Bay area for ~6…

AWS will usually give out around 100k in credits to funded startups.

Re: A not-so-obvious reason to apply to YC

#33
post #22

Earlier quoted context omitted.

I would assert that a recent graduate who wants to be an entrepreneur is mostly doing themselves a disservice by studying those things. It focuses your thoughts on how to run a business rather than how to solve a problem or turn an industry on its head. Sure, many of those things could come in handy in the future - but there are far more difficult things which you also have to learn "as you go".

Entrepreneurship isn't limited to VC-funded moonshots. Lots of people just want to be their own boss and run a viable business.

I am indeed concentrating on the types of companies YC would invest in. I don't know anything about lifestyle businesses but what you say sounds reasonable.

Re: A not-so-obvious reason to apply to YC

#34
post #29
post #13

Earlier quoted context omitted.

That's... not true. I may have missed sarcasm here, but do you really think every company at demo day gets $10 mil?

Pretty sure I read about at least a few million automatically on demo day, depending on the startup my guess is getting up to 10 in the year following is not a bad bet. I suppose someone whould have to crunch the numbers.

If you read it...that must be true then I guess
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