You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
It was very context specific, but the critical advice YC gave us: 1. Start a new class monthly, not every 6-12 months, which is why we’re about to start cohort 13 not cohort 2. 2. We wanted to sell future cashflows on the blockchain. They pointed out you don’t need cryptohttps://twitter.com/lpolovets/status/1011490957521444865 …
3. Helped us walk through simple math of how Lambda gets to $100mm/yr revenue (4,000 students/yr making $75k/yr = $25k/student = $100mm run rate at 17% for 2 yrs) 4. Helped us model if/when raising money was smart from a financial standpoint (we didn’t need to raise)
5. Told us to hire when we didn’t want to but desperately needed to (most YC startups are told to avoid hiring until after YC; we were 7 people by demo day) 6. Helped us understand YC’s application flow and process, where and why YC batches break, etc. (Lambda is similar to YC)
7. Helped us avoid raising more money than we needed or at ridiculously high valuations when we could have done either/both 8. A lot more stuff I can’t talk about yet
Obviously all the advice is context specific, which is why I don’t agree when people say, “All the info YC can give you is out there.” Overall the combination of helping you focus on the right things and helping you expand your vision is incredible, and not something I could do
What’s the 17% in this tweet?
Percentage of income we take
So 8k students @ 75k would be $100m in a year
But 4K students means you’ll make 100m from them in total over time (2 years in this case).
We’d do $100m/yr because you have last year’s students and this year’s paying simultaneously
Ahhhh. Yes yes. Pretty good business and really valuable, specific advice from them in the thread. I’d love to have amazing advisors to learn from.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
