Re:When It Comes To Founding Successful Startups, Old Guys Rule
by callmeed on Monday September 07, 2009 @04:05PM
(#809672)
True, but ...
"Half (maybe more) of the startups we fund don't need the money. And in fact the money is a only a small part of what YC does. The money we invest works more like financial aid in college: it ensures that the people who do need money can cover their living expenses while YC is happening. "
Re:When It Comes To Founding Successful Startups, Old Guys Rule
by kdw on Wednesday September 09, 2009 @01:46AM
(#812606)
As somebody who is over 30 and works in startups, I'd say you're right. I'd not even consider for a moment the standard YC deal ($11k + $3k/founder for 6%).
When I was right out of school, or off my first job I might've considered it... but these days? never.
That can't be right - surely there is a correlation between the value of that YC provides and the amount of time one has spent in industry. I'd imagine that once one has $50k in savings, and has worked with law firms, knows angels and VC's, the value of YC funding drops drastically. Hence, I'd imagine older (more experienced) founders wouldn't be as interested in YC as, say, students in their early 20's.