Entries tagged ycombinator in Nov, 2012
Filters: Type: entry × Year: 2012 × Month: Nov × ycombinator × Sorted by date
What’s the real reason for the drop in cash that Y Combinator now gives companies? What really precipitated this change? Were they not seeing the value for their money and wanted out?
I was in the first batch that got the 150k. I believe Paul Graham when he says that the amount was high enough that companies stuck around for longer than they would have otherwise (and founders were more likely to “fight over the corpse”) and that 80k would have been enough to get companies through to the point where they either raise more money or decide not to continue.
[... 124 words]Is it worth accepting an investment from YCombinator if you have an established network in the valley?
Yes. Plenty of the companies in our batch at YC already had well established networks, and they still benefited enormously from the advice and introductions YC could offer.
[... 295 words]