3,803 karma · joined March 29, 2007
if you're feeling lucky, submitting it to news.yc can get some additional attention.
i was a single founder, did this and it helped me 1) bring on a great cofounder and 2) get accepted into yc.
there are many examples of entrepreneurs hitting it rich, buying some stupidly large house and not even ending up moving in -- it's more about making the big leagues than having more toys.
(whether this is a worthwhile or virtuous endeavor is another discussion, but the point is competitiveness is probably a bigger driver than wealth for its own sake.)
(granted, we don't let people buy additional space yet, but ping beta@getdropbox.com and we can hook you up :P)
start reading :)
i'd say history showed that focusing on productivity apps and the OS from ~1986-96 was a winning strategic move :)
but there are two things to remember:
- your time is a lot more valuable than you think (as others have pointed out)
- often money, wisely allocated, (i.e. hiring a couple engineers or investing in a good work environment, not all-around extravagant spending) can help you get to market and achieve your goals faster
and since speed is a startup's only real advantage, this is often the difference between a 1 or 0 outcome.
if your code isn't quite ready, build a screencast, then submit it to news.yc. doing this was probably instrumental in our eventual YC acceptance. (this lets you convey the cool parts of your idea in a way you can control even if there are a lot of missing pieces.)
otherwise, if you've only got a team and a hunch, you're in this _giant_ pile of "eh who knows if it'll work, who knows if they're good, but maybe" applications (many of which ultimately fail), and it's basically a crapshoot. yc gets enough apps w/ 1) amazing people 2) amazing products or 3) amazing traction to avoid having to place these kinds of shaky bets.
the more risk (product risk, people risk, market risk) you can eliminate on your own, the better you'll look to _any_ investor (and the more equity you'll keep for yourselves.)
obviously, there's a catch-22 that to prove some of these things you need initial capital, but for most software startups it just means locking yourself up and hacking out a prototype and letting it rip to a few people.
then just apply next cycle -- mercifully, it's not like college admissions where you (generally) only get one shot. (my first yc app was rejected a year before ultimately getting in.)
the cycle will continue -- google may have perks and comfort, but not much upside anymore (that stock ain't goin to 1000 anytime soon). even facebook has hundreds of employees, and a strike price and recent track record that doesn't quite have the luster it did before.
the best hackers i know are either starting or joining startups (including a bunch that left google to do so.)
i don't think i've had a sentence in a news.yc-posted article take me more by surprise :)
i've been using it to sync my 3gb development VM across my computers; also works great with photoshop files, big documents, etc.
http://getdropbox.com/screencast
shameless reddit/digg plug:
http://reddit.com/info/6boh3/comments/
http://digg.com/software/Google_Drive_killer_coming_from_MIT...
that said, no one's stopping you from starting something and dishing out equity however you want :)