41–50 of 92 posts
If you cannot state a number can you at least qualitatively tell us whether having a referral is a huge boost or a slight advantage?
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This is a great question. We take companies at all different stages, from ideas through those who are already in market with customers. The "right stage" is more a question of how long you've been working than an absolute state. The more you can get done in a given amount of time, the better.
> The more you can get done in a given amount of time, the better. Time meaning calendar days or person hours? E.g. if you're comparing a two cofounder startup with a three cofounder startup, where they've each been working full time for a year, do you care more about absolute progress after a year or about progress normalized to the number of person hours? Obviously after you invest the main metric that matters is p…
Obviously it's different for full time vs. part time and many vs. few. However, if an idea has been sitting around in halfway space for years, I'm going to want to know why.
I am feeling a little worried of our changes while applying to YC. I remember reading that YC looks for companies with can grow up to 10BN. While we think we can definitely grow upwards of 1 Billion which is what VC firms usually look up too. After 1 Billion is gonna depend a lot on being able to lower the cost of the product enough to increase volume How hard is this rule? What if the company cannot reach that 10 Bi…
When I read an application, I force myself to imagine a world in which this idea + team could create a really big company. If that's true, than I'm interested. If not, I'm less likely to want to go further.
Would emails from prospective enterprise customers be viewed favorably (in lieu of LOI)? We're working with these firms for concept testing - solution is in development.
If you've applied early, will the (updated) application be checked again after the deadline, or are the chances that it's been looked at already and already evaluated?
I introduced this model at my own coworking space and it's a huge success. The idea to make this model available on a worldwide mobile marketplace is only 2 weeks old and I started working with 3 of my members on it. As they are all freelancers, they can't just start with something full-time without funding. So I created a prototype/milestone deal with them, paying a little out of my pocket now and more when I raise money + possibility to become co-founders. No shares etc. have been discussed yet. How would you put this in the application? And one more question: We don't have a demo yet, shall I include a possible link for it or is there a way of updating you guys. I'm confident we can show progress in the next days. Thanks!
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> The more you can get done in a given amount of time, the better. Time meaning calendar days or person hours? E.g. if you're comparing a two cofounder startup with a three cofounder startup, where they've each been working full time for a year, do you care more about absolute progress after a year or about progress normalized to the number of person hours? Obviously after you invest the main metric that matters is p…
We don't have an exact formula. When I look at an application, I try to figure out how much time is being spent on the co and work off of that. Obviously it's different for full time vs. part time and many vs. few. However, if an idea has been sitting around in halfway space for years, I'm going to want to know why.
I imagine YC is more like going from 0.5 to 1--focusing on one or two things such as product or marketing--rather than the 0 to 1 where everything is covered like was done in Sam's How to Start a Startup course at Stanford?