Snap. Forbes magazine put out an issue featuring Y-Combinator. The cover has a picture of cofounder Paul Graham. I am wondering why there is so much buzz about this company.Yes. I get it. Paul and his company backed some winners like Reddit, Loopt, and Justin.tv. What I am trying to figure out is why having Graham's backing is so important?
Initially you got a $5k investment from Graham. That's not much money at all. Now the initial investment has risen to $11k plus a little more depending on how many people are in your start-up. That is still not a lot of cash.
Maybe this is all a big marketing thing. If you are in with Y-Combinator, you are going to have the clout and access to a lot of rich angel investors and venture capitalists. But isn't it best to bootstrap yourself and keep all of your company for yourself?
There is only one way to find out. Either try to join Y Combinator, or strike out on your own and see what happens. Let's do just that.
