3 ms·
> for a measly 120k Spoken like someone who has always had easy access to 120k, which is unfortunately not the case for the vast majority of people.
by pjlegato 11y ago
> for a measly 120k
Spoken like someone who has always had easy access to 120k, which is unfortunately not the case for the vast majority of people.
- nsgi 11y agoIt's not much for a late-stage company.
- bmm6o 11y agoIt's not that $120K is nothing, it's that they already had $1M in funding, which they must have gotten way more cheaply than the YC money. If you just value the company at the amount of money in the bank, the 7% stake they traded to YC is worth $70K today (of course it's more complicated than that - I'm just spitballing numbers).