1,422 karma · joined December 22, 2011
[1] http://betabeat.com/2013/01/2-girls-1-cup-creator-sentenced-...
How would they proof that the original comment wasn't libel? I doubt the have cross refrenced commenters IP addresses with the numbers listed. And if you relay libel (especially with malicious intent) it is still libel or maybe even blackmail.
- Just entering YC will generate promo for your product, it will put you in-front of the eyes of thousand of tech focused people.
- Free job postings on HN
- Incredible alumni network of actually successful founders
- Demo day will be covered by major news outlets and attended by lots of investors
- 150k of convertible credit [1]
- Only 10 percent don't raise any money after graduating [1]
- 90% raise an average of 700k USD [1]
- "The average valuation of Y Combinator-backed companies, according to co-founder Paul Graham, is $45.2 million." [2]
Looks way more valuable then 170k of dumb money to me.
[1] http://blogs.wsj.com/venturecapital/2011/02/01/y-combinators...
[2] https://en.wikipedia.org/wiki/Y_Combinator_(company)
EDIT: I'm not saying HackFWD is dumb money, with regards to money smartness they are definitely better then most other European accelerators. My original (GP) statement is not about HackFWD but accelerators in general.
a) raise seed money from an angel
b) develop a mvp, show some traction and raise money from VCs
c) bootstrap a profitable product
or d) go to an accelerator
from my expirience almost all accelerators have will present you with a bad deal (say 10-20k and office space) and claim to provide you with more value by helping you out with their expertise in other areas. In exchange they want a 20-30% equity cut. BUT the value add through their network (for most accelerators) will be negligible that's why it is a bad deal. Every other option is better:
a) Angel -> can be a vocal defender and loyal partner or early adopter of your product
b) VC -> You get money at a fair valuation
c) Bootstrap -> Keep all the equity and stay hungry
So for what it's worth I think reducing the number of accelerators would not be a bad thing for the startup eco system.
Here is how it looks with Win 7 Chrome: http://imgur.com/EAZ7DBk
2) Bitcoin transactions are irreversible
3) No third party is involved for the essential transaction (in this case the exchange of Bitcoin(s) for a ticket)
If you use Bitcoins as a method of transporting money you can cash them out as soon as you get them (which is within a few minutes) and getting Bitcoins isn't as hard as people make it out to be.
Not American, but even I feel annoyed by your tone.
You don't need to get behind TOR to buy fake clothing (ioffer.com comes to mind, pretty sure there are tons of other sites around who would love to sell you fake clothing straight from a Chinese factory)
And why would you buy physical copies of pirated movies if you can get them for free?