With all due respect to the talents of the best and brightest college grads, 250K, or 125K per head seems about right when compared to the starting salary those grads could get at a MS or Google. YC puts up a bit of funding and takes a small cut.
More importantly, I think is that it's giving young programmers a big leg up in understanding how the VC game is played and an opportunity to build a software career that is very independent. For really good programmers I suppose there is always demand, always a place to work and more or less define your own path. But if you sell your company for 15 mill, you get a nice piece of what I like to call FU money.
I've sort of followed this YC project from the beginning as an outsider and my sense is that the folks behind YC are putting back some of their good fortunes. It's a cool way to spend some of their money and possibly grow it even more.
All the negative press and trash talk about burned out programmers, etc. looks to me like a good measure of success. The others are looking at the backs of your sneakers
More importantly, I think is that it's giving young programmers a big leg up in understanding how the VC game is played and an opportunity to build a software career that is very independent. For really good programmers I suppose there is always demand, always a place to work and more or less define your own path. But if you sell your company for 15 mill, you get a nice piece of what I like to call FU money.
I've sort of followed this YC project from the beginning as an outsider and my sense is that the folks behind YC are putting back some of their good fortunes. It's a cool way to spend some of their money and possibly grow it even more.
All the negative press and trash talk about burned out programmers, etc. looks to me like a good measure of success. The others are looking at the backs of your sneakers