Re:Ask PG: When will YC selectees be notified?
by ryanwaggoner on Monday April 06, 2009 @07:24PM
(#549887)
Whoa, dude...relax. I know you're on edge waiting for the results, but damn :)
If you read my comment above, you'll see where I said: Yeah, I totally get that YC isn't about the cash.
My point was that YC is worth far more than the cash it invests. But I still don't get why someone who had built a company worth millions and taken millions out of it would go back to the YC model. YC has always struck me as being more for single college-aged founders with no track record than for older, more established entrepreneurs with plenty of money to fund their future startups.
Re:Ask PG: When will YC selectees be notified?
by jdileo on Monday April 06, 2009 @07:31PM
(#549898)
1. Per my profile, which you have read, I am a technology novice.
2. Any successful business owner will tell you that the biggest question need answered when entering a new verical is "what is it I don't know that I don't know".
Enter YC at average 6% give, worth every penny!
YC's value extends FAR beyond the minimal dollar amount it gives each startup. If you really don't get that, you simply haven't been paying attention. SAD.