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by ploggingdev
3198 days ago
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Since the guide is partly focused on the YC application process, I have one thought (potentially misconception) that I would like others to weigh in on. For context : I'm working on a Disqus alternative with a focus on privacy, so no ads, no tracking scripts ( https://www.indiehackers.com/@ploggingdev/building-my-first-... ). I started working on it a little over two weeks ago and am a few days away from launching. So by the application deadline, I would have only onboarded beta users. Being a single founder who has been working on a product for less than 3 weeks, even if I follow all the advice and craft a well written YC application, I just don't see why YC would consider funding me instead of the numerous other applicants with serious revenue and something that might resemble product-market fit. In other words, I think when talking about crafting a YC application, it's important to discuss that there exists a certain baseline above which such guides really make sense. Sure, I could apply the actionable advice to my application, but will it move the needle at all when I'm a single founder with an MVP? On the other hand the only impressive part about the application might be that I built it in under 3 weeks and onboarded beta users. Thoughts? |
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The bigger concern I would have with applying to YC in your case is the existential question, "Should I take VC money or not?" What I don't see above is an understanding of the why behind financing. How will financing accelerate your business? If I give you $1M, what will you do that makes it worth $10M in X timeframe? While not necessarily a deal breaker for a lot of seed funds, I think anytime one is looking at taking on multiple hundreds of thousands of dollars of investment, they should have some basic answer to that question.