Y Combinator – Biggest waste of time for startup founders
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Real work is work that improves our product or makes our users happy. This includes writing code, helping others write code, and helping hire people that write code.
#fakework is work that seems like work, but is mostly just vanity. Examples of #fakework include thought leadership, migrating things to shinier new technologies, and going to conferences. #fakework can be fun (and fun is worthwhile, too), but it doesn't count towards anything here.
Instead of begging for money from old start-up lottery winners, focus on sales and own your company completely.
Y combinator and other VCs should be your last option, not your first.
I'd bet most of them don't regret it, but a survey would make a nice dissertation for some grad student: "Outcomes of venture capitalism in the early XXI century, a study of monetary and spiritual results for startup participants".
(feel free ;-)