史蒂文 :: Release 2.0

What a great idea (fixedpointcombinator.com rolls less off the tongue). This is almost exactly why I started Venture Together sometime back (in 1999). Key difference is they already have the cash and connections to get it going. I didn't - i just had the idea and a few connections. I also missed a lot of things back then. Hang on, if they had taken me on then would that have been a Y Combinator?

Basically they take on your idea, give you some cash, give you connections and advice (the most important part!!) and let you run the business. A summer job working for your own start-up.

Seems to be for younger student types - (alas i am 30!) - so no chance of a place. Thing to take :

It's to your advantage to be candid about risks and uncertainties. This is
seed funding; we expect risk. At this stage, if you're not worried, you
lack imagination.

However, even if you don't intend to apply - read and answer the questions they ask. This is will tell you the kinds of things people who are going to invest in your idea will actually ask. After that read all of Paul Grahams articles. He writes to the point - very useful stuff!