Founders Agreement Y Combinator

Kevin: So if you work remotely for the team, how do you build those relationships? In fact, it`s really interesting. I talked to Mike Knoop about it a little bit. This is the head or one of the founders of Zapier in our YC podcast. But basically, when you`re away, there are a lot of things you need to do in advance with regard to your communication and your relationship that you took for granted if you only work in a building with someone else. So number one is like, trust has to be high. You really have to be really, really clear, like what we`re doing, what shipping is, what`s done, and make sure everyone understands that everyone is on the same side. We have to share. And that`s something that a lot of companies don`t need to practice very well if they work together in the same room. Of course, that is what happens in the discussions. And so we optimize not to have that experience with our founders, and that would allow us to leave some money on the table. But because I`m going to work with over 100 new companies a year, and I`ve worked with over 1000, nearly 2,000 companies, the result is that I`m building this huge alumni base and I can`t have a bunch of assholes who take each other`s attention away. So, again, there are a lot of counter-examples that people are good, but I`d like to believe, and what I hope for everyone in start-up school is that you could have a different business, that you might think it`s a much simpler way to run a business than a company run by dictatorship and fear. Right there.

Finally, it is sometimes difficult to compare the offers of different accelerators. What is important is that we do not charge companies fees to be part of YC. We understand the complex reasons why some accelerators levy royalties on companies that participate in their programs and, while we do not believe this is bad behaviour, founders should naturally deduct these costs from the investment when considering these offers.