I really like this idea. There is no "right" way to start a business and, in fact, there are many right ways. It all depends on what you're starting and what you need to get to the end goal.
More importantly, I'm hoping that by looking at seed funding from a different perspective, this can put another dent in the sometimes-fallacious "you need a cofounding team to start a company" myth. Until now, accelerators have put an outsized penalty on one-man-bands when there is a significant risk mitigation benefit to letting one guy get traction and then hire the founding team. In such situations there is far less potential for messy (and almost always fatal) startup "divorce". The cheaper and easier it becomes to start potentially huge businesses, solo-founding should become commonplace.
To clarify, I don't know if this is something the organizers of Indie.vc are thinking about. I'm just glad to see fresh eyes on the current YC/TS/Angelpad paradigm.
More importantly, I'm hoping that by looking at seed funding from a different perspective, this can put another dent in the sometimes-fallacious "you need a cofounding team to start a company" myth. Until now, accelerators have put an outsized penalty on one-man-bands when there is a significant risk mitigation benefit to letting one guy get traction and then hire the founding team. In such situations there is far less potential for messy (and almost always fatal) startup "divorce". The cheaper and easier it becomes to start potentially huge businesses, solo-founding should become commonplace.
To clarify, I don't know if this is something the organizers of Indie.vc are thinking about. I'm just glad to see fresh eyes on the current YC/TS/Angelpad paradigm.