Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

It means in theory they are letting people apply without an idea/company. YC tried this years ago, I believe they found it wasn't effective.

It's basically the "fund the team not the idea".



> YC tried this years ago, I believe they found it wasn't effective

Do you have any details of this?


They funded people who could build but had no ideas themselves. The entire batch was a dud. Not people who had basic ideas and wanted funding.


www.joinef.com [entrepreneur first] has been wildly successful with this model since 2012. They pool together founders pre-idea a couple times a year and have them start companies together in batches. If you get investment I believe the deal is 80,000 GBP for 10% - aggressive deal but worth it considering their network.


https://antler.co has a similar model




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: