We’re building a massively ambitious banking alternative. Principal engineer ex JP Morgan Chase Senior Dev. Angel investment from the founder of a hugely disruptive British Unicorn. Support from a number of other important sources.
Not to criticize the decision making process, historical precedent speaks for itself. We thought we fit the mould but apparently not.
You’d expect this from other accelerators, everyone holds YC to higher standards.
I don’t think it’s wrong to expect better in this instance. In the age of social media news travels fast. I’d received congratulatory messages from several YC alum within 10 minutes of the first email.
The problem I have is that I am comfortable using either, but can't really understand the long-term implication of my choice. Obviously I can change the tech later, but with it being money I see the switching cost being much larger than normal. It's about wanting to minimize risk now as much as possible with view to future development on the platform.
Just founded my startup - left a high paying job, have two kids, own my house, a lot of liabilities etc.
Figured if I didn't take the risk now I'd always regret it. Things are tight, but each morning I awaken invigorated by the opportunity to create something that matter. Never underestimate the vitality gained by working on something you love.
Realise the liklihood that I don't succeed is high, but when faced with the certainty of lifelong regret if I didn't it simplified things. Time is the only thing I can't get back, honestly, I'm just upset I didn't do it sooner. Managed to convince the CEO/Founder of an existing unicorn to invest, but probably won't be able to draw a salary for 6-12 months, and that is scary.
Would love to discus more, drop me a line if interested: [email protected]