"Access to venture capitalists: Raising money is incredibly hard and incredibly distracting. The faster you can get it done, the faster you can get back to building something people want. YC is the perfect forcing function to help you raise capital. Network: Being an entrepreneur is a lonely path. There are few people who truly understand what you’re going through and even if your friends (or parents) are well meanin…
Two points. There was a non-rich mom in my batch in 2008 (one of the hardest fundraising climates in the last decade). She and her co-founder kicked ass and raised more money than most of the batch. Point #2: You need to expand your view of meritocracy beyond just product/code. Expanding who you know, how much they like/admire you, and how much they want to work with you is part of meritocracy . Imagine it as a multi…
Ehhh, that's the textbook definition of cronyism, the opposite of meritocracy.