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Re:Y Combinator vs Seedcamp - Paul Graham nailed it? by ig1 on Sunday February 06, 2011 @08:32AM (#2185560)
YC has actually become much later than it was originally, many companies going through YC already have a working prototype or even a fully launched product before they start on the YC program.
Re:Y Combinator vs Seedcamp - Paul Graham nailed it? by fedd on Sunday February 06, 2011 @08:37AM (#2185570)
asking a prototype helps to understand how the team can execute. as far as i understand, the point is that the costs of having a prototype have reduced dramatically with all opensource and cloud hostings, and that's why investors gave money for YC, TS and SC. (imho as usual)