louis@cloak.ist

Tournament username: Cloak.ist
Karma: 33
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louis@cloak.ist · 9d ago

I'm pretty certain that everyone who does YC gets the same deal. I haven't heard of anyone negotiating their way to a better valuation. But might be worth asking around more.

louis@cloak.ist · 25d ago

I've heard (from friends in the S20 batch) that it's a spread, with some companies that are already making $20k MRR upwards, and some that have no revenue, no product, no users. I think it's always a good idea to apply to YC regardless of the stage you're at. It'll help you with your thinking about your company.

louis@cloak.ist · 24d ago

Whoa, OK. Pretty cool.

louis@cloak.ist · 25d ago

Out of interest, why do you think it was helpful in getting into YC? Did you mention it in the application or interview?

louis@cloak.ist · 25d ago

This is a really good tip. Too late for me but hopefully can help some others who get to this point.

louis@cloak.ist · 31d ago

You're totally right. It was a nice problem to have!

louis@cloak.ist · 31d ago

I don't think the format negatively affected my performance since I think nerves help me be on my game - but I can see that for some people, it would really not be helpful.

louis@cloak.ist · 31d ago

The interview went well but I didn't get in, for completely understandable reasons. They said in the rejection email they'd like me to apply for the next batch if my numbers have got stronger.

louis@cloak.ist · 27d ago

1. Yes. Dropbox and Google Drive
2. No
3. Usually via Telegram Saved Messages
4. Usually via email, Telegram or Google Drive
5. Usually via email or Google Drive
6. Don't really do this ever
7. No. My point 3 is insane - it's crazy how I have no easier way to transfer files between devices. iOS file management is an absolute joke
8. Not that I can think of

louis@cloak.ist · 31d ago

I have a theory that simply applying for YC, regardless of whether or not you get in, is a really smart thing to do for your business.

It forces you to ask the question 'what would YC think about this?'. And since YC are pretty insanely good at helping startups grow, that question is similar to 'how can I best grow my startup?'.

I've now applied around 5 times and interviewed 3 times. Every time, it's forced me to think hard about whether there's a future in what I'm doing.