I've been working on the idea for a while now, in a nutshell it's a less bureaucratic version of paypal. I've been seeking advice from a lot of different sources. To be honest, i think the main reason is the fact that i'm a sole founder and that I've been doing everything on my own. Which is stupid, but it isn't easy to find technology entrepreneurs my age in the UK, or ones who are as committed.

The prototype has been developed, so I'm going to take it to market within the next few weeks. Then apply to YC again in the winter, with a bit more grounding and social proof.

It's not really the money I was hoping to receive it's the support/advice/mentorship, especially on legal matters. Most of the lawyers i've spoken to don't really have a clue about the SAAS model.