It's really interesting. Thanks for the detailed explanation. I always wondered if there's any way to do this.. And it's good to know that Apple is OK with this kind of hack.

GPS is missing! :(

Do you think it's really enough money to do 3 month full time commitment? (I have family, not enough saving)

No, it's definitely not. So where's the YC clone that does $80k per founder? I'd bet they will achieve a significantly higher success rate than YC does. More experienced, hungrier, stable founders who are highly motivated not to return to their cubes because they already know how much it sucks.

> More experienced, hungrier, stable founders who are highly motivated not to return to their cubes because they already know how much it sucks.

I conjecture that these kinds of people will tend to be more risk averse and that the group will have a better median result (and higher success rate).

But startup successes can be massive and a better strategy might be to chase the blockbusters with younger people.

Hey New Haven, are you listening??

that amount of money is that ridicusly small in order to attract only students out of school. I can't think of anybody with solid experience using YC.

15k is enough for 3 students for 3 months. Somebody that has been working for a while, has probably a lot more money than that.

I have friends that saved money, quit, and now are doing their startup and living off their savings.

The only thing that YC might be usefull is some free publicity, and contacts, which are very useful especially if your product is of dubios value.

The founders out of school (or still in school) get the most publicity, but I'd guess that the median YC founder has been out of college for at least a couple, if not several years.

YC would probably like to think its value-add is far beyond the money it provides.

Looks similar to this service. http://www.springnote.com/en

It's a product of a korean company called OpenMaru.