Re:Ask HN: Copying Y Combinator - If there's a right way, wh...
by ig1 on Friday July 17, 2009 @08:13AM
(#709717)
They address that last issue in this podcast (with the techstar founder):
http://www.venturevoice.com/2009/01/david-cohen-techstars.ht...
Re:Ask HN: Copying Y Combinator - If there's a right way, wh...
by rms on Friday July 17, 2009 @05:40AM
(#709568)
> Mainly because if he chose not to follow-on with funding, he would likely be killing the startup before it even really got going.
Good point. I'm pretty sure pg said someone similar on this site at some point.
Re:Ask HN: Copying Y Combinator - If there's a right way, wh...
by jacquesm on Friday July 17, 2009 @06:09AM
(#709594)
That's true, but the chances of finding follow up funding are larger anyway if you already have a seed fund backing you.
The one things most VC's are scared of is being first (and the other thing is having missed an opportunity). It's a fine line between those two...
Interesting note about the funding. I was talking to a VC about this and while he wanted to support a similar type of program locally, he was very hesitant. Mainly because if he chose not to follow-on with funding, he would likely be killing the startup before it even really got going.