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Actually, the main motivation for me to start nReduce was so it would exist, and I could be part of it. I really wanted something like YC for my startup lizibot.com, and since YC wouldn't have us, we figured we'd try to solve our own problem.

I'm also thankful some great people (like Joe) have stepped up as partners and will be taking it over so I can focus on my startup.

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I have applied to nReduce but my main question remains, "How are you going to execute this?"

If everyone is at the startup stage someone with more experience (more than one) needs to be available to help make connections. We need someone who can review each other's work and submit to different news site and media. This is a great idea but there needs to be a plan for execution.

A startup or a product without exposure is nothing. The benefit of being part of Ycombinator or other incubators is not the initial funding but the following guaranteed exposure (atleast one writeup by TC, mashable etc) and helping with connections.

We need similar kind of thing and I have got some ideas how we can collaborate on this

I'd say this is in the works, especially if a few great startups come out of it. Y-Combinator didn't start out being well known and covered on every tech site either.

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