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Comment by waterside81 | Hacker News Reader

Also speaking from the point of view of Canadian doing a startup, I'm really happy for these guys, but it highlights the frustration I know all too well now. Not being in the Valley is a huge disadvantage, especially when you read stories on TC of companies being funded that have no business model to speak of.

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Yeah, but do you want to be one of those companies? That money comes with strings attached. Get rich quick schemes are appealing and all, but you still have to like it enough to do the work and to sell it.

I'm leaning more to the Wolfram Software / 37 Signals model.

No, I'm in agreement with you. I don't think the world needs yet another way to share photos on Twitter. I'm just saying it's frustrating when you see those sorts of companies getting millions thrown at them while other, perhaps more ambitious or "deserving" (by some definition of the word) projects go unfunded.

Agreed. Coming from Sri Lanka where the culture is rather conservative, it's taken a great deal of perseverance on our part to get any interest at all. In the end we decided to go ahead with our own funds (and take a big risk by working full time), but things have paid off as our app is the 7th in the US medical app store now (free apps) and has had thousands of downloads in just 10 days : http://blog.medicaljoyworks.com/prognosis-is-a-success-but-y...

P.S. Our success began just after YC rejected our idea :)

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