Author Topic: should I apply to Y Combinator?  (Read 2745 times)

zack

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should I apply to Y Combinator?
« on: September 13, 2014, 04:51:47 pm »
Paul Graham has been a major inspiration of mine since I was 15.
I am thinking of applying to Y Combinator with truthcoin as the project.
There are supposed to be more founders than just one, but I am not sure who would join me in Mountain View California from January to March.

truthcoin satisfies 8 of the 22 request for startups that they send out http://www.ycombinator.com/rfs/

psztorc

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Re: should I apply to Y Combinator?
« Reply #1 on: September 13, 2014, 06:09:57 pm »
Clearly, the answer is yes.
Nullius In Verba

ghabs

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Re: should I apply to Y Combinator?
« Reply #2 on: September 15, 2014, 07:02:22 pm »
Important things to consider when applying (which you've probably considered but worth stating)

- Business model: You'd be applying as a startup not as an open source project, so it's important that go-to-market considerations are built in to the application. For instance applying as a startup that would provide services tied to Truthcoin (i.e. the PolitiFact-esque reputation service that arbitrates claims) could be a good approach that leaves flexibility to pivot down the way.
- Equity: Tied to the consideration of business model is how you'd provide equity to investors. I'm skeptical they'd take equity in the form of blockchain coins, as that's difficult from a compliance standpoint.

Inkling Prediction Markets was a YC backed company so they are interested in the potential of PMs, and it would help with a lot of the chicken/egg problems re: adoption. Seems like a great approach!

martinBrown

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Re: should I apply to Y Combinator?
« Reply #3 on: September 23, 2014, 12:52:25 pm »
Decentral.ca is another accelerator that might be a good fit.

I'd be interested in joining a team.

zack

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Re: should I apply to Y Combinator?
« Reply #4 on: September 23, 2014, 03:36:26 pm »
Someone anonymous decided to sponsor me while I work on Truthcoin, so I am no longer interested in applying for money.
I am interested in martinBrown's help. Maybe you could try running the software, and tell me what you can't get to work.