[wnsire]

Thanks YC for doing this.

>100 companies who complete the course will also receive $10K.

Depending on your location and what position you are in your career , Funding can be a big issue.

This small grant can be a big help to start a business , but 100 companies is quiet limited to be honest.

[packetslave]

They're giving a million dollars to companies and asking for no equity in return and you're giving them crap for it? Unbelievable.

[wnsire]

> you're giving them crap for it

Wait , what ? My comment started by "Thanks" that's a weird interpretation really...

If you have 1000 companies following the course that's like 10% chance of getting funding, regardless of whether or not there is an equity that's the point.

[fridaymorning81]

they are giving away 1,000,000 dollars.. just giving it away. plus tons of content. did you read the article?

[samstave]

Doubtful that it is randomly given in a lottery sense - they likely are granting this to keep promising teams going...

[HatchedLake721]

In return for... 0% equity!

[samstave]

Yeah, which is why it is only 10K -- and not the 100K like was stated earlier by someone - if it were the 100K then it would be very similar to a typical YC round of funding.

[dpeck]

pro tip: in the world of funding a 10% chance of success is a damn good one.

[staunch]

I think it's good feedback but perhaps not well stated, which is why you're getting grief for it. It is generous and a good thing to give away $1 million no matter how you do it.

Ideally though, they would give $100k to 100 (or 1000) companies and actually take equity. Most startups want to give up equity for good amounts of money, they call it "funding" ;-)