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Tech Billionaire Boot Camp
theodp writes "Forget the Summer of Code. If you've got a hot idea for a start-up, Newsweek says Y-Combinator, the boot camp where Silicon Valley meets 'American Idol', is the place you should be. 'Some critics scoff that Y Combinator's investment is peanuts for that amount of equity. But the opportunity is unparalleled -- total immersion into Silicon Valley start-up culture, advice from Graham and a fast track to the top angel investors and venture-capital funds. When Graham calls the winners, the founders have only five minutes to accept. "If people turn us down," he says, "as far as we're concerned they've failed an IQ test."'" We've previously discussed the program on the site, just over a year ago.
Unless your hot idea is time traveling.
Reviewing just the first hour of video games.
As many others point out, $10k-$25k for 5% in your company is ridiculous. It doesn't fund the company at all and they take a good percent of it. It's for suckers. A better deal would be something like $250,000 for 1-2 percent of the company plus resources. Then you could at least try.
Back in the mid-80's I was working on a truly fascinating program (a survey instrument data massaging thing). I started working on it on Friday evening. After working on it for a while, I realized that I felt sick. I wondered why; what's wrong with me... I ultimately realized that it was late Sunday evening and I had worked on this for the whole weekend, never leaving my basement and not eating or sleeping (or anything) for the whole time. I went out to the restaurant down the street and had something to eat and immediately felt much better.
If you're a zombie and you know it, bite your friend!
Ummmm, did you just say "boyish good looks"?