Ask YC: Provide Health Insurance at Start-Up?
All, I'm wondering if folks have been costing health insurance when seeking capital. Do start-ups leave the health insurance to the individual employees to figure out themselves?Thanks, NoMoreSnow
This is very helpful, thank you both!
All, I'm wondering if folks have been costing health insurance when seeking capital. Do start-ups leave the health insurance to the individual employees to figure out themselves?Thanks, NoMoreSnow
All,For the YC funding application, I'm having difficulty determining valuation. The reason being that the back-end would use web-services for computing/storage (yeah, they do more than sell books :-)Should I do an estimate based on an ideal system running at 100% processing usage? This may seem appropriate for a system that produces widgets, but mine mainly deals with running queries.Thank you...
So for the past couple of weeks I've set the application aside and have focused on administering a market survey, so most of my time has been on the right wording for the test.
Hopefully with the help of social networks, email, WOM, etc... We'll be able to get a large enough sample to help us understand if we're heading in the right direction. If so, we'll submit our application with the survey results.
I am sure, though, that upon reading the questions, the person taking the survey will know quite easily what our start-up will be doing... which can be good and bad. Our positive spin on this is the survey will be our public declaration that we are up to something.
I was an intern at a fixed wireless broadband start-up when the dot-com bubble burst and I witnessed how all of the excitement for the start-up vanished when investors were afraid to give out money. It came down to bad timing for this start-up -- if they had only started a year earlier.How will the speculation that interest rates will be cut further affect the investment activities of angels,...
My paying job is that of a systems engineer and it is my responsibility to keep track of meeting customer needs against cost and schedule. This being said, part of my work is to correctly capture customer needs and then make sure that the development and environment teams are able to architect and design according to specs. From a business standpoint, this dual team environment is effective in that the company for whom I work continues to win contracts because the customer's needs are met.
I think the arrangement where the founders are not currently developers would be equally effective as a team of developers as long as they are able to accurately capture and understand their customer's needs prior to the start of coding.
The initial technical assessment on the feasibility of an idea or feature is within the domain of a programmer/developer, but I think it would require a non-developer to help do the cost/benefit trade-off. The reason for this is I've worked with so many developers who are excited by a technical solution, when the cost of it is prohibitive. It may have been the "best" solution, but it would have been very costly.
I intend to submit my startup idea as part of the YC winter funding event, even though I do not have a developer on-board yet. It's been hard finding a developer who is able to take the plunge and sacrifice the security of a cubicle farm. I have advisors/friends who are developers, but they don't want to take the risk, despite agreeing with the idea.
Thank you to everyone who have shared their thoughts.
Can non-programmers have success at raising money for a software start-up?Also, do you know of any success stories(received more than angel funding) where the founder(s) were not programmers?Thanks, NoMoreSnow