- What is your company going to make?
- Please tell us in one or two sentences something about each founder that shows a high level of ability.
- What's new about what you're doing?
- What do you understand about your business that other companies in it just don't get?
- What are people forced to do now because what you plan to make doesn't exist yet?
- How will you make money?
- Who are your competitors, and who might become competitors? Who do you fear most?
- How long have the founders known one another and how did you meet?
- What tools will you use to build your project?
- How long will it take before you have a prototype? A beta? A version you can charge for?
- Which companies would be most likely to buy you?
- If one wanted to buy you three months in (March 2007), what's the lowest offer you'd take?
- Why would your project be hard for someone else to duplicate?
- Do you have any ideas you consider patentable?
- What might go wrong? (This is a test of imagination, not confidence.)
- If you'll have any major expenses beyond the living costs of your founders, Internet access, and servers, what will they be?
- Are any of the founders covered by noncompetes or intellectual property agreements that overlap with your project? Will any be working as employees or consultants for anyone else?
- Was any of your code written by someone who is not one of your founders? If so, how can you safely use it? (Open source is ok of course.)
- Please tell us something surprising or amusing that one of you has discovered. (The answer need not be related to your project.)
Wednesday, August 30, 2006
Some of the questions which are a part of the YCombinator's application for funding are worth answering for anyone thinking of a startup. So what I am doing here is filling up the application even if we might not be eligible. The questions seem to be real thought provoking and I will not have answers to all the questions.
Posted by Nivas at 7:17 AM