How not to promote your Startup Accelerator on Hacker News

Re:How not to promote your Startup Accelerator on Hacker News by marcomonteiro on Thursday March 31, 2011 @01:54PM (#2392724)

I think John was definitely in the wrong for attacking YC like that, especially on HN. I agree that definitely wasn't the way to promote MassChallenge.

I just recently applied to YC and it wasn't an easy decision. In fact I almost didn't apply for various reasons. Ultimately it was what the YC alumni have said about YC that made me decide to push forward. Getting $50k in cash is great, who wouldn't want that? But ultimately the odds of succeeding are dependent on so much more than whether you have enough cash to survive 3 to 6 months. Free doesn't make it better, it just makes it free.

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Re:How not to promote your Startup Accelerator on Hacker News by Smirnoff on Thursday March 31, 2011 @03:24PM (#2393189)

its $150K my friend ;)

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Re:How not to promote your Startup Accelerator on Hacker News by marcomonteiro on Thursday March 31, 2011 @03:50PM (#2393324)

The FAQ on MassChallenge's website said $50-100k and that there's a $199 entry fee. I don't know if I'm mistaking programs but YC didn't charge me to apply.

http://www.masschallenge.org/faq#q1

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Re:How not to promote your Startup Accelerator on Hacker News by apu on Thursday March 31, 2011 @04:01PM (#2393380)

I think Smirnoff was saying the YC gets you $150k cash, because of Yuri Milner + SV Angel's blanket convertible note to all YC companies.

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Re:How not to promote your Startup Accelerator on Hacker News by marcomonteiro on Thursday March 31, 2011 @04:10PM (#2393439)

Sorry about that. I was originally referring to MassChallenge's program in my comment and trying to point out that $50k free and clear doesn't make it better (as in better than YC taking an equity position).

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