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I'm not quite ready to start my own venture just yet, but I like to "practice" by coming up with an idea, setting goals, moving towards them, doing interviews, etc. The startup school is a really nice program to follow along with and have conversations with other founders during. I'm basically using it to war-game a startup launch myself. The idea being that when the time comes that I decide to jump in on something I'm very passionate about and put skin-in-the-game, it should all feel familiar (if not just a tiny bit more comfortable).
Of course it's not a substitute for the real thing, but I think it's brought immense value to my skillset.
If you're a first-time founder, startup school is tremendously beneficial in terms of support from the community (though, indiehackers might be better), content, network (pioneer.app likely better at this), and motivation. I fully recommend it. I am not so sure of the value-add otherwise but it continues to attract energetic and optimistic people.
YC's Startup Library is strikingly good which is (was?) central part of the curriculum. Startup school arranges weekly / bi-weekly AMAs by YC alumni and other industry experts which are of great value, too. Not sure if they're continuing to do that.
The founders you meet during the course open up avenues for collaboration. It is also a great place to get feedback on your startup's progress, refine your pitch, discuss your concerns and roadblocks (which sometimes result in unsolicited but welcomed help), get exposure for your work (however limited).
Getting the most out of the program depends on one's ability to get things done, to stay motivated, focused, and honest.
> Is it possible to complete outside of PST business hours or are there real-time components?
Yes, there are no real-time components. They also match founders for weekly meetings depending on the day and time you choose in addition to other criteria.
Startup school is more hands-off than Pioneer. The latter gamifies building a product that might motivate people and create a sense of achievement. The former is more on-your-own kind of a thing.
That said, I haven't been through a Pioneer program myself but know founders who have and liked it.