Looking at the Y combinator site, they take 6 to 7% of the company. What, if any, say would they then have in how it is run and what it does?
As I understand it Y Combinator try to put you in a position where you can then attract a proper investor: how, at that point, will you be able to be sure that those investors will not want LFGSS to be something you, or us, do not want it to be? An example mentioned above might be commercialising the Classifieds section, which I am not sure would be all that popular in the long run when people start to put up their prices to cover any charges the forum would make and investors might start to ask for a bigger return on items sold.
I think you are making a brave decision: not just quitting your job but, once again, asking for suggestions. That's ten hours a day gone right there.
Good luck.
Looking at the Y combinator site, they take 6 to 7% of the company. What, if any, say would they then have in how it is run and what it does?
As I understand it Y Combinator try to put you in a position where you can then attract a proper investor: how, at that point, will you be able to be sure that those investors will not want LFGSS to be something you, or us, do not want it to be? An example mentioned above might be commercialising the Classifieds section, which I am not sure would be all that popular in the long run when people start to put up their prices to cover any charges the forum would make and investors might start to ask for a bigger return on items sold.
I think you are making a brave decision: not just quitting your job but, once again, asking for suggestions. That's ten hours a day gone right there.
Good luck.