4 ms·
For a long time Y Combinator gave less than this. For 6+% of the company.
by boucher 11y ago
For a long time Y Combinator gave less than this. For 6+% of the company.
- jacquesc 11y agoThat's true, but YC provided a lot more than money. And they didn't publish the failed interviews online.
- morgante 11y agoThe reputational and institutional benefits of YC dwarf their actual investment (even now that they're investing $120k).
- boucher 11y agoWhich certainly wasn't true at the beginning.
- morgante 11y agoTrue, but YC was specifically designed to provide funding for people who otherwise wouldn't have access to capital. There's a reason that the first few classes had many college students. It turns out that their thesis was correct (that giving young, hungry founders small amounts of capital would work well). That's why we've seen tons of copycats, which have largely fulfilled that demand. I suspect SeedRamp is going to suffer from some serious adverse selection problems. I can't imagine anyone with better funding options turning to it.