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The Y Combinator Experience – Remote Edition

155 pointsby mxstbrabout 4 years ago

13 comments

artembugaraabout 4 years ago
Remote batch brought 1 more real benefit of YC: $125k.<p>Before COVID when you have to relocate to Bay Area this is just a living fee for a low quality house + personal spendings.<p>Now, 125k is almost a lot for pretty much any place on the planet. Therefore, many remote entrepreneurs can be more relaxed on raising capital. I&#x27;d say you even can decide to &quot;bootstrap&quot; with this money + GCP&#x2F;AWS credits.
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krrishdabout 4 years ago
&gt; Some people around me felt that my experience bootstrapping my last business should be enough to close seed funding, but the only thing that helps close funding is the fear of missing out on your deal. I witnessed this first hand after we launched to #2 on Product Hunt. We got some good inbound investor interest, but I couldn&#x27;t create the pressure needed to close funding - there was no forcing function like the demo day.<p>TIL, makes a ton of sense but for some reason not the most obvious thing to a non-founder &#x2F; VC.
ggambettaabout 4 years ago
Had some trouble scanning through the article. You have this header<p>&gt; Tips on applying successfully<p>And the next subheaders are<p>&gt;&gt; Talking about my idea only from a customer&#x27;s perspective<p>&gt;&gt; Writing to sound impressive<p>&gt;&gt; Stopping to apply after a couple of rejections<p>Things were confusing, I had to go back and read the small print after the first header, which says &quot;do NOT do these things&quot;. Maybe the first headers should read something like &quot;pitfalls to avoid when applying&quot;? Or rephrasing the sub-headers?
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hashkbabout 4 years ago
&gt; The biggest one was that Ycombinator is all about raising money, and if you are not in the mindset of &#x27;raise as much as you can, as often as you can,&#x27; you won&#x27;t fit in.<p>This must have changed. I went through YCF #2 and we were essentially laughed at each time we mentioned staying local or becoming profitable. Literally the only thing our advisor talked about was raising.
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abhinav22about 4 years ago
Nice write up on your experience in YC, thanks for that.<p>How much do you think you get distracted by talking and listening with others in your YC network vs actually focusing on your product?<p>As a lone wolf programmer, I avoid talking to people
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_0o6vabout 4 years ago
Surely the one thing that should be on the Magic Bell homepage is a Magic Bell I can click on and see what this product is?
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dcolkittabout 4 years ago
I know from a personal perspective, I&#x27;ve considered applying to YCombinator in the past, but would never to the Bay Area.<p>This is just one datapoint, but I&#x27;m sure there are many others like me. How many businesses never launched, because our society has insisted that startups must happen in a single, extremely unlivable part of the country.
shash7about 4 years ago
A fully customizable notifications dropdown with a solid api sounds useful.<p>Note to the author: please for the love of god increase body font weight to 400.
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igammaraysabout 4 years ago
The hardest thing about implementing notifications for me is not the UI, it’s the rate limiting (avoid bombarding users with duplicates), intelligently handling state changes, and figuring out when to escalate to an email&#x2F;sms channel. The homepage doesn’t convince they’ve solved the hard problems surrounding notifications.
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newbie578about 4 years ago
I would love to hear experiences regarding Remote vs On-site YC. What is the magnitude of difference? How much does the average startup lose out on networking because of the lack of physical presence.<p>And for people from Europe, is it a net positive that the batch is remote, or is the on-site still better?
switch007about 4 years ago
I couldn’t quite tell from the api docs but is the user’s email required? Can I just supply an external ID? I’m just wondering from a privacy point of view.
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devops000about 4 years ago
Did you give your equity just for this? it doesn&#x27;t sound a good deal on your side.
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Frodo478about 4 years ago
So magicbell is a dropdown displayed with an API? $99 &#x2F;month for 2000 users? I don&#x27;t understand what problem is trying to solve your startup. To me it seems that you&#x27;re trying to sell a library more than a service.
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