Hacker News new | ask | show | jobs
by kcorbitt 2057 days ago
We've talked about this, and may build a track that officially targets this in the future. That said, with the exception of two pieces of content that talk about applying to YC, one piece about understanding SAFE financing, and perhaps part of our video about pitching your startup, really everything else we talk about is the right advice whether you're planning on bootstrapping or raising VC.

Learning to build something people want, which is the core of the Startup School curriculum, really doesn't depend on where your funding comes from!

2 comments

Definitely finding the right thing to make and then finding product-market fit are the same, but bootstrapping necessarily limits your choices to products/services that are profitable early on rather than after burning millions to capture market share. Bootstrapping also, in my opinion and experience, requires a lot more appreciation of accounting and finance on the part of founders, and a lot more questioning ("do I really need to hire another person for this or can I find a way to keep costs down?"). I can definitely see a different curriculum and skillset building that is separate from the VC track.
The problem is that YC-type opportunities are limited to those living in maybe 3 cities. Most places in the world do not have the funding opportunities. Shaping the narrative such that YC-style incubation is the "default" only benefits YC so they will have an increasingly large pool of applicants where they can pick the cream of the crop. This does not serve founders well as they would be wasting their time networking to nowhere when instead they should be building and selling.
I think this isn't as true as it used to be. Sure, SF and whatever the two others you were thinking of are massive, but there are smaller scenes in other places that also have funds available for incubation-type environments.

At the very least, understanding what the process is supposed to look like will help folks in those nascent scenes identify when something is amiss.

Half the value is in funding, the other half the network. You have an exponential decrease in opportunities elsewhere versus San Fran (and Seattle and NYC). Forcing, or at least strongly encouraging founders to seek out incubators as the One True Way will restrict, not increase opportunities for founders. What YC is doing is dressing up VC ideology as something that is universally founder-friendly. What's good for the capital owner isn't good for the founder when the founders do not have many options to choose from in the first place. In those situations it is better for the founder to keep more of their pie to themselves versus selling out to the only player in their very local, very small pond.
So if we're bootstrapping side projects instead of looking for angel funding, should we sign up for this future founder track or the original one?