Re:Why Is Bootstrapping Important?
by loceng on Friday May 18, 2012 @05:18PM
(#3994056)
I agree that you have to have something that people can invest in - something that has value - before it will get any money.
chmike's question of how does YC do it then? It's based on talent, as he said. The people / founders with domain expertise / knowledge do have a certain value to them - and that is really what they're investing in.
If you're an engineer, then your value to tech startups and investors is seen even more valuable.
Re:Why Is Bootstrapping Important?
by presty on Friday May 18, 2012 @06:03PM
(#3994257)
I wonder, in the most recent batches, how many YC accepted companies went in with just the idea vs how many had already started building something/had a demo.
chmike's question of how does YC do it then? It's based on talent, as he said. The people / founders with domain expertise / knowledge do have a certain value to them - and that is really what they're investing in.
If you're an engineer, then your value to tech startups and investors is seen even more valuable.