How I got a YC interview as a single founder and blew it at the final hurdle

Re:How I got a YC interview as a single founder and blew it ... by chollida1 on Wednesday December 05, 2012 @10:15AM (#4876570)

umm, I think you'd feel different if you were an investor in the fund and the principles just started giving your money away :)

Remember the money isn't just the owners, it belongs to the limited partners, ie the people who put money into the fund.

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Re:How I got a YC interview as a single founder and blew it ... by rdl on Wednesday December 05, 2012 @02:08PM (#4877936)

He's already been investigated (or prosecuted, I forget) for expensing personal stuff at the fund. But really, it would be easy to consider it an investment, or buy the asset personally and then invest it personally. Whether or not a small asset like that is his personally or the fund's doesn't affect his decision making.

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Re:How I got a YC interview as a single founder and blew it ... by chollida1 on Wednesday December 05, 2012 @02:43PM (#4878129)

> He's already been investigated (or prosecuted, I forget) for expensing personal stuff at the fund.

Are we still talking about the same thing here?

> or buy the asset personally and then invest it personally.

Yes he could obviously do this, but he can't just give part of hte funds assets away, which is what I was clarifying.

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