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by pedalpete 1520 days ago
It means in theory they are letting people apply without an idea/company. YC tried this years ago, I believe they found it wasn't effective.

It's basically the "fund the team not the idea".
1 comments
umeshunni 1520 days ago
> YC tried this years ago, I believe they found it wasn't effective

Do you have any details of this?

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whb07 1520 days ago
They funded people who could build but had no ideas themselves. The entire batch was a dud. Not people who had basic ideas and wanted funding.
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marapu 1520 days ago
www.joinef.com [entrepreneur first] has been wildly successful with this model since 2012. They pool together founders pre-idea a couple times a year and have them start companies together in batches. If you get investment I believe the deal is 80,000 GBP for 10% - aggressive deal but worth it considering their network.
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pedalpete 1520 days ago
https://antler.co has a similar model
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