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$50k in funding from YC (or maybe just from PG)? That's impressive. Over twice the typical amount. What kind of valuation are we talking, here?
by aston 20y ago
$50k in funding from YC (or maybe just from PG)? That's impressive. Over twice the typical amount.
What kind of valuation are we talking, here?
- pg 20y agoIt was a one-off deal. This startup wasn't in one of the regular YC batches, though their original one (Kiko) was.
- aston 20y agoFair enough. Is this the first startup to get that sort of treatment?
- SwellJoe 20y agoI believe there have been a couple of others. This is probably the reason the application no longer requires an idea: YC figures if you're talented/persistent enough, you'll eventually hit on something good.
- pg 20y agoThere was one other one where we invested as angels in the series A round. Ordinarily we wouldn't invest that late, but these guys seemed exceptionally smart and driven.
- mukund 20y ago
- mukund 20y ago
- ido 20y agoCan anyone explain what is exactly so great about this idea? It's the 90's all over again...
- Sam_Odio 20y agoI hate the censoring of comments on reddit & news.yc. It seems contrary to the entrepreneurial mindset. If Steve Jobs got on a board like this in the '70s, and announced that he was going to start a company building PCs when mainframes were sexy, he probably would've been downvoted too.
- Sam_Odio 20y agoOk, I might've over reacted there. I should've said I LOVE everything about News.YC except the censoring of down-voted comments :) Regardless, it looks like other comments w/ negative karma are grayed out (like http://news.ycombinator.com/comments?id=13764 http://news.ycombinator.com/comments?id=13764 ). So I imagine this comment was probably deleted by the author...
- markovich 20y agoAnd how much are you taking from them for this contribution?
- gibsonf1 20y agoI was a bit shocked to hear about Justin (yet another media outlet) on NPR - this is truly becoming a global phenomenon. The value of the PR they've received to date is unbelievable - I'm interested to see how they convert all this fame into a business model, which I'm sure they'll be able to do. Nice job believing in their radical idea PG.
- jaed 20y agoI don't know how "radical" the idea is. Justin.tv is "Web 2.0" for Jennicam (http://en.wikipedia.org/wiki/JenniCam). http://en.wikipedia.org/wiki/JenniCam).
- nickb 20y agoJustin.tv is not Jennicam. Justin.tv is a business and has a business plan that can be executed. Think reality TV... think internet television.
- dawie 20y ago50K is a small investment to make for a company that you believe will hit the big time. I guess YC will get more equity.