It really depends on your business. My company is building a system for businesses and working with VCs (or YC, if accepted) would be valuable for us. It’s a sales tool, essentially.
In addition, there are cases such as building rockets or a factory or other regulated industries where you need capital. If you can bootstrap, do it. However, many people don’t have the upfront investment, connections, or education (in the case of YC).
I agree with the author if we were discussing standard “dumb money” VCs. But in this case, we are discussing YC, it’s community, reputation, and educational resources. You don’t technically need to take more money, just take the 7% hit and gain access to more resources. It may be worth it (it also may not), it depends on the situation.
In addition, there are cases such as building rockets or a factory or other regulated industries where you need capital. If you can bootstrap, do it. However, many people don’t have the upfront investment, connections, or education (in the case of YC).
I agree with the author if we were discussing standard “dumb money” VCs. But in this case, we are discussing YC, it’s community, reputation, and educational resources. You don’t technically need to take more money, just take the 7% hit and gain access to more resources. It may be worth it (it also may not), it depends on the situation.