Re:YC will accept 10k new companies into its new online Star...
by wuschel on Wednesday June 07, 2017 @02:37AM
(#14504156)
At its core, YC is a VC entity, and as such is competing for promising investment possibilities. IMHO YC's move to "accept 10K new companies" is a smart attempt in attempting to extend their reach to get the first pick at the commodity. We will see if it will work out. Either way, it is great to see YC to lead the way - they have done a lot for the community already.
Disclaimer: Been once in that orange place in Palo Alto, and I am not a fan-boy. However, I do remember the dark ages around 2005, when there was nothing in Europe that was even worth to compare to this accelerator program. YC has greatly helped to change the landscape.
Re:YC will accept 10k new companies into its new online Star...
by tmaly on Wednesday June 07, 2017 @10:22AM
(#14506645)
I am curious about your experience taking the course. How much time commitment is it? Is it something I can do while working a full time job?
Re:YC will accept 10k new companies into its new online Star...
by adentranter on Wednesday June 07, 2017 @11:42AM
(#14507311)
At min, 2-4 hours for office hours per week ( within my group at least )
However, at the core they are pushing you to grow and build a company.
So within my group there are alot of fulltime founders.
Im a fulltime founder myself and have found the experience to be great. Its helped me to ask the correct questions and to move alot faster.
Its also great to have a solid network of other founders to chat with.
In saying this, there are members within our group whom have full-time jobs and simply work alot after hours on their products.
YC tries to make it as simple as possible to make the life of ENTREPRENEURS survivable(Not just VC-fundable businesses). If that wasn't the case, Startup School would include an investment that gets you into the feedback loop of having to produce returns for someone. Not asking for equity is a great feature, because it encourages experimentation and provides railings to keep as many of these experiments on the lane that gives them room to validate and less risk of predictable failures. School may even be the wrong term here, I would call it an Apprenticeship, because you are practicing and mastering your craft with mentors and peers in practice.
This Apprenticeship for Entrepreneurs, crafted by YC, needs to spread with as much quality mentors and talent, as is available, and it needs to have proper funnels doubling down on people who strike gold by meeting a high-demand unmet need. Startups at advanced stages should more qualified support and more funding for equity. (Right now that step is YC Core)
Do that across any country and market segment and you won't need to worry about Jobs automation. Humanity will have an efficient method to create as many entrepreneurs out of Job bleeds as it needs and to lead them into fixing problems that actually need fixing.