Simon Willison’s Weblog

Entries tagged startups in 2014

Filters: Type: entry × Year: 2014 × startups ×


Does Y Combinator accept purely app ideas like WhatsApp, Flipboard, etc.?

Yes they do, but you’ll need to demonstrate that your team also has the ability to execute on the idea.

[... 37 words]

What is the best payment provider for a web app with monthly subscription fees at its early stage?

We found Stripe extremely easy to get started with for charging subscription payments.

[... 37 words]

What are the key points accelerators such as Y-Combinator drill into their startups?

They also teach the importance of launching something and getting real feedback. The entire three month YC process is based around the need to launch and demonstrate traction in order to raise money from investors.

[... 89 words]

Do accelerators (which do not take up equity) accept not-for-profit ventures into their programs? If yes, which are some of the best ones?

Y Combinator recently started funding non-profits: http://ycombinator.com/np.html

[... 37 words]

How much equity does YCombinator get on average?

They almost always take 7%—they get diluted down in further rounds.

[... 27 words]

Is YCombinator’s $20k seed capital enough to keep a team of 3 founders alive in Silicon Valley during the program?

Yes—especially if the three founders live together. A three bedroom apartment near Mountain View can be had for around $3-4,000/month (just check Craigslist), which will be the bulk of your expenses. The rest can cover food, car rental and some business-related expenses (we spent some money on office chairs and a desk).

[... 81 words]

Calendars: When posting a facebook event page for an event that is repeated on two dates, should you use one page or two? (The events are games that are identical and should not have overlapping players)

I would use separate pages. The most valuable part of a Facebook event page is being able to see who is going to that event (and hence which of your friends will be there). If there are two events on two separate days you want to be able to maintain two separate lists of attendees.

[... 97 words]