I love spinning tales of romance in the Silicon Valley setting. I’m told I seriously over-glamorize the lifestyles of my heroes and heroines but whatever. I write FICTION so isn’t that kind of a requirement? I mean, I have to keep things interesting. right? WINK, WINK
As an entrepreneur, I am fascinated with goings-on in the Valley. There’s such an aura over Sand Hill Road; it’s just bubbling over with innovation, creativity and energy. Being part of that atmosphere, collaborating with fellow creatives and networking with famed venture capitalists must be so charging to a budding startup CEO. And coupled with the drive to build the next big thing? Well, the possibilities seem endless. Sounds like a dream (this is where my romanticizing comes into play)…but what companies really get to LIVE it?
Y-Combinator provides seed money to a certain number of startups deemed worthy to relocate to Silicon Valley for a three-month period. Seed funding is the earliest stage of venture funding for a company and it helps pay expenses, allowing startups to focus on development with no added stresses.
If selected for the program, startups have access to proven innovators who will help shape and bring early ideas to fruition. They will learn how to deliver a polished pitch to investors and how to close a deal and acquire more funding, if needed. It all culminates in a Demo Day, where the elite group is granted an opportunity to present their work to carefully selected audiences.
All this in exchange for a small financial stake in each company. Sounds like small potatoes, considering most startups would never get this opportunity on their own. Networking is so key…sometimes you need to give a little to get a lot.
Just as an aside, Hubby has already advised me not to get any bright ideas about applying. LOL.