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by morgante 3756 days ago
The reputational and institutional benefits of YC dwarf their actual investment (even now that they're investing $120k).
1 comments

Which certainly wasn't true at the beginning.
True, but YC was specifically designed to provide funding for people who otherwise wouldn't have access to capital. There's a reason that the first few classes had many college students.

It turns out that their thesis was correct (that giving young, hungry founders small amounts of capital would work well). That's why we've seen tons of copycats, which have largely fulfilled that demand.

I suspect SeedRamp is going to suffer from some serious adverse selection problems. I can't imagine anyone with better funding options turning to it.