by maxklein
Opinion piece on why venture capital is not necessary for a successful start in the software business
4 Pages
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04/05/2007 |
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You make the common sense point that if all one cares about is y combinator funding and nothing else, he won't be very successful. How does that translate to y combinator being a waste of time.
I find it ironic that a post ranting against YC is being published and distributed on a site that started with YCombinator funding. I'm not funded by YC myself, but I have lots of friends who are. Of them, I've seen more VC and angel funding going on than of any other group I can think of. Not every YC startup thrives, but they do a MUCH better job than average. Money isn't everything, but when you live in Silicon Valey, it makes a big difference. Living here is expensive; hiring people is expensive; and everything else is expensive, too. Getting a round of funding can give you the time and resources to invest in making your product far better than if you had to maintain a day job or work with a smaller team. Just my $0.02.
--- A person who has true passion for software and for creating FUCKING great software does not care about funding. He is going to go out there and start coding. --- Very very (2 times very) well writen.
You don't need capital! Just eat out of dumpsters! Honestly, people are so grandiose...