[HN Gopher] Introducing Arc: Outliers Wanted
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Introducing Arc: Outliers Wanted
Author : hhs
Score : 79 points
Date : 2022-03-21 18:31 UTC (2 days ago)
(HTM) web link (www.sequoiacap.com)
(TXT) w3m dump (www.sequoiacap.com)
| client4 wrote:
| I'm curious what the terms for the $1m are, though I suspect it's
| similar to YC.
| HWR_14 wrote:
| I feel like if it was supposed to be at a specific valuation it
| would be listed. My guess is that it's a commitment to invest a
| million but the amount of equity might vary over a range as
| large as from X% to 2X%
| gnicholas wrote:
| FYI
|
| > _If you are a seed-stage founder building a company
| headquartered in Europe, we want to hear from you._
|
| > _A US cohort will launch later this year._
| sebow wrote:
| Some big names there: both in companies and people. Let's see if
| they stick around
| H1Supreme wrote:
| An aside: This site has a horizontal scroll bar (which I assume
| is unwanted) in Firefox and Chrome on Windows. Might want to have
| your frontend person take a peak at the CSS.
| 0des wrote:
| Meh. Falling out of love with VC so maybe I'm not the target
| here. How does this provide value over the traditional
| arrangement?
| ingenieros wrote:
| It's really hard raising a million dollars outside Silicon
| Valley and this first cohort is aimed at European based
| startups only. European investors are notorious for being risk-
| averse and their investment terms are laughable at best. ( I
| know of some European University run incubators which offer
| less than $25,000 USD in exchange for 5% equity) American VC's
| on the other hand won't bother talking to foreign founders
| unless they incorporate as a C-corp in Delaware.
| DandyDev wrote:
| While you're right about European investors being risk
| averse, it's not generally true that American VCs won't talk
| to European founders. I'm an early employee at an early stage
| company (1,5 years old), incorporated in The Netherlands and
| we have raised a $2M pre-seed round and recently a $10M seed
| round both led by American VCs.
| asim wrote:
| Applied. Why not. Got rejected 5 times by YC, still raised money.
| Based in London. Maybe it'll be interesting. Will report back if
| it happens.
| hhs wrote:
| These are the nine questions on the application [0]:
|
| 1. What is your company name?
|
| 2. Where is your product in its lifecycle?
|
| 3. What does your company do in one sentence?
|
| 4. What problem are you trying to solve?
|
| 5. Why does the old way no longer work?
|
| 6. Whose life will your company change?
|
| 7. Why now?
|
| 8. Why you?
|
| 9. If everything goes right, what does the future look like in
| 5-10 years with your company's product?
|
| [0]: https://arc.sequoiacap.com/app
| jjtheblunt wrote:
| I love the "in one sentence", as it presumably is meant to
| shunt marketing-babble and see if the applicants can get to a
| coherent point.
| twic wrote:
| What is an "outlier" here?
| dwenzek wrote:
| This is the topic of the first week
| https://arc.sequoiacap.com/#main ;-)
| neogodless wrote:
| So once you've learned what an "outlier" is, you can decide
| if you'll apply to take the course that teaches you.
|
| Presumably, an "outlier" already has the necessary
| chronological variance capabilities.
| zupa-hu wrote:
| The page explains the "terms" as: "Sequoia will invest $1M in
| the form of equity to participating companies at the start of
| the program."
|
| I guess that's neither the terms (I mean, that's all?) nor
| are they investing "in the form of equity". Or does my
| startup get $1M worth of shares? That would be novel.
| 0des wrote:
| This site could use improvement with the marketing copy. If
| you want outliers, be sure you're casting a wide net, not
| just one that catches people who are tuned to be receptive to
| that type of copy.
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