Edit: i inserted an IMO into my comment to make that clearer
- I am older, established, and have done a number of successful startups in various roles.
- I have a family and can't spend a summer in California.
- I don't need the seed funding YCombinator provides, but I don't mind it either. I can self-fund a bit
However, I'd truly enjoy the experience, and with my next startup, I'd be glad to trade off the equity to be in the YC community. I think I'd learn a lot from it, since YC does startups very differently than I have (learning might go both ways!).
Does it make sense to engage with YC in any way next time I do a startup (or before)? Or am I far enough outside the target demographic?
> I have a family and can't spend a summer in California.
It feels to me that YC would generate enormous value the first time. It feels like there might be very strongly diminishing returns on investment after that. My impression is that the equity YC receives, relative to funding, is quite high, and most of the network / learning / etc. would happen on round one (This is a comment about me to give context for my likely naive question, not a comment about YC; I'm explaining in hopes you'll explain how I'm wrong. Given you did it twice, I am aware my thinking here is probably wrong, and I need to share my misconception to have it addressed)
Of 11,162 YC founders who haven't opted out of the directory, the top 9 alma maters account for nearly exactly 20% of founders.
540 - Stanford University
388 - University of California, Berkeley
373 - Massachusetts Institute of Technology
193 - University of Waterloo
187 - Harvard University
144 - Carnegie Mellon University
143 - Columbia University
143 - University of Pennsylvania
124 - Cornell University
I don't know what you'd compare this to for "society at large" but of the 500 CEO's in the Fortune 500, the top 9 alma maters account for about 16% of those CEO's. 25 - Harvard University
11 - Stanford University
9 - University of Pennsylvania
7 - Massachusetts Institute of Technology
6 - Cornell University
6 - University of Chicago
6 - Northwestern
6 - Columbia University
6 - YaleVC is just rich people gambling how many normies they can get to set aside their agency to huff VC farts
Are there collected statistics that showcase this?