I think the common deadline would be a good idea ... and along with it perhaps some sort of "seed fund consortium" comprised of YC and the other reputable YC-like firms. Going with the college analogy, it would be along the lines of applying to an "accredited" institution.
Not only would the common application make the process easier for startups, it would help them identify worthy funds and keep them from wasting their time with other/shady ones.
It could definitely be a loosely-formed org. Perhaps quarterly deadlines that each firm could choose to accepts apps or not ... plus a simple list of guidelines they follow.
Not only would the common application make the process easier for startups, it would help them identify worthy funds and keep them from wasting their time with other/shady ones.
It could definitely be a loosely-formed org. Perhaps quarterly deadlines that each firm could choose to accepts apps or not ... plus a simple list of guidelines they follow.