this post was submitted on 31 Oct 2023
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The entire business model of Venture Capital funds is investing in early-stage companies. They exchange their cash for equity in your company, even though your company may be nothing more than an idea.
Y Combinator is one of the country's most renowned startup accelerators, and there are multiple cases of it investing in companies with no revenue and no products.
The application process is competitive, but some founders have received funding after nothing more than a 15-minute coffee chat.
Accelerators are different than most vc funding. For most vc funding, you need a million in annual sales. Yc will invest in ideas though.