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https://warpcast.com/~/channel/ted
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ted (not lasso)
@ted
what’s your take on any of the below: - AG1 x Starbucks collab - Lana Del Rey marrying her swamp-tour-owning, divorced dad of two boyfriend - Chamath on Joe Rogan - everyone leaving OpenAI (aka is Sam Altman a sociopath?!) - YC having no crypto companies this cohort
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karan
@defikaran.eth
From my experience of being funded by Y Combinator and the "YC of Crypto" aka Alliance in my previous companies. It doesn't make sense for most crypto companies to be funded by YC. The ROI is not there. Rather Alliance or Orange DAO is a better alternative. P.S. For Wildcard, I didn't even consider applying for YC, and am part of Alliance's present cohort. YC makes total sense for companies that want to sell to other YC companies (Web3 B2B SaaS). But when it comes to Crypto, I guess people choose to be part of something like Alliance, which is crypto-focused, and in the trenches with you day and night! During the cohort and beyond.
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Ben
@benersing
Sounds like your opinion is YC’s primary value is access to YC alums as early clients (aka, distribution). Is that a fair interpretation?
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karan
@defikaran.eth
Yes, YC alums and your batchmates.
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Ben
@benersing
Batchmates I get. I presume you've found the alum network to actually be responsive?
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karan
@defikaran.eth
Specifically during my batch, we were building a B2B SaaS for Insurance companies in India, and hence there was no YC Alum that we reached out to. Therefore the takeaway from the cohort was: money, branding for hiring/sales, and generic startup advice. Later when I was cofounder dating, building https://www.inkle.io/ . We were able to sell to a lot of companies from our YC network. (50% customers) And I've heard similar first account stories from co-founder of Rippling etc. while working with him.
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