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10 sats \ 0 replies \ @k00b 26 Oct 2022
Their new website is pretty slick: https://wolfnyc.com/
Overview of the program:
- on-site exclusively for 8 weeks in NYC
- paid travel and lodging
- they give you: $250k -> for: an undisclosed amount of equity
It's basically YC for bitcoin but smaller check (250k vs 500k) and on-site focus (YC afaik went remote during covid).
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10 sats \ 2 replies \ @Misha_Dany 26 Oct 2022
skeptical. Need more research.
This feels like very "trad" finance.
Also,
- "undisclosed amount of equity" - kinda expected, but I think it'll be steep.
- on-site: no thank you, not exciting.
Should we really be excited?
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100 sats \ 0 replies \ @0341e021bb OP 27 Oct 2022 freebie
Not just on-site focus, Lightning focus! YC doesn't have experts in a lot of relevant topics for founders working with Bitcoin/Lightning.
Funding is $250K guaranteed, $750K to one winner from each cohort (4 cohorts per year).
Working there in person, with other Lightning founders, at Stone Ridge/NYDIG is a major part of the program.
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0 sats \ 0 replies \ @handsome_latino 27 Oct 2022
Let's push them to disclose the amount of equity, and if it's pre or post money SAFE, etc. I'll try to email them, not an expert but have a bit of experience with a few trad startup accels including YC.
It's on-site only the first 8 weeks I'm guessing? It's not entirely clear, but if it's the case then I don't think it's too bad.
We can survive it, especially in NYC :) I've been working remotely my whole life and having an on-site trip once a year was extremely productive. Every year I was reluctant to leave the comfort of my house :D
The worst that can happen is you don't meet anyone interesting and it's useless. At least they paid for your trip. The best that can happen is that they invite k00b as a speaker and you end up meeting the man behind the best LN startup in the world. ;)
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