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by objclxt
2211 days ago
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> Does anyone realize just how hard it is to get even $20k in funding for a hard working honest founder who is not a psychopathic manipulator It isn't that hard to get $20k in funding if your idea is halfway decent - that's not the value that YC provides. The value that YC provides is in the networking and connections, which I think a lot of people would argue is worth far more than the money. > anybody who can't setup a functional profitable business with $20k funding is unfit to run any company Not quite. Good luck setting up a profitable hardware business with $20k of funding, tooling costs alone are going to dwarf your seed capital. |
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It's very hard in most countries - Coming from someone who has been applying constantly for 10 years. At one point I even managed to get invited to some events and conferences where a specific seed stage investor was going and I approached him enough times at different events that I was eventually able to secure coffee with the guy; took 2 years from when I started trying to get investment. Then this investor encouraged me to apply to their incubator... Then they just rejected me. My open source project was one of the most popular in Australia at the time. I had worked on it for several years and I had a solid business strategy and I could really have benefited from $20K and any kind of support network (I was never asking for YC level business connections, just some help me get 1 foot in the door with 1 B2B customer would have been great).
BTW my project was more than 'halfway decent'. As proof, today my project powers multiple mainstream tech projects and several major blockchain projects and I'm collecting forging rewards on one of them. Did it with $0 funding and most people I met actively working against me instead of helping me. Got screwed over so many times.
I don't think my case is unusual. What happened to me is just average.
The thing is that in spite of it being so difficult to secure a mere $20K, this whole experience did not make me believe that fiat money is valuable. It did the exact opposite. So now I'm dedicating my career to the fight against fiat money.