Hi,
I’m debating whether to take a new technology down the non-profit or for-profit path. It’s great that YC accelerator supports both. A successful for-profit business gains some advantages for raising capital in the longer term.
1. Does YC allow a for-profit business which intends to permanently donate 30% of subscription revenue to external non-profit organisations? Paul Graham’s ’08 article (see link) implies great YC support for good.
2. Are there any YC for-profit companies that have done something similar?
3. Please what are your thoughts about the feasibility of raising VC in a business that intends to donate 30% subscription revenue to other non-profits?
4. Which VC firms are better known for benevolence?
It sounds like you're feeling inclined - I would recommend it. I had a great experience.
I knew I wanted to do another entrepreneurial role but not do so immediately. I didn't want a tech job.
I spent a few years in construction project management and it was a great experience. A huge change from the tech business world. Initially the money was pretty tragic. But it was fun! And it improved. Moving from high tech to construction is a little bit like entering another world. I found it fascinating.
During that period I also read Ray Kroc's (founder of McDonalds) book which includes him saying "When you're green you're growing. And when you're ripe, you rot."
I prefer to be green and growing. In my career I've encountered many people in a fairly robotic non-or-minimal growth mode. Each to their own.
My experience left me thinking the world would be even better if career switching was easier (for those that want to). I also theorised how I might include this in my next startup (time will tell…). During that period I progressed my vision and plans for my next startup. The period was invaluable. My new startup has been underway for some time now.
1. Does YC allow a for-profit business which intends to permanently donate 30% of subscription revenue to external non-profit organisations? Paul Graham’s ’08 article (see link) implies great YC support for good.
2. Are there any YC for-profit companies that have done something similar?
3. Please what are your thoughts about the feasibility of raising VC in a business that intends to donate 30% subscription revenue to other non-profits?
4. Which VC firms are better known for benevolence?
5. Do these VC firms attend YC demo day?
Thank you