9 ms·
How is this YC's fault? They don't own the domains of these companies, and have no say over who their companies sell to (in this case, Ancestery.com).
by gkoberger 10y ago
How is this YC's fault? They don't own the domains of these companies, and have no say over who their companies sell to (in this case, Ancestery.com).
- Analemma_ 10y agoI don't know if it's YC's fault per se, but it sure doesn't reflect well on them when the first link on their giant cheerful "look at all our companies!" list is a dead domain serving malware.
- jsprogrammer 10y agoThey did* own the domain. I don't believe YC does non-equity deals. *I haven't ruled out that YC has no ownership in the squatter, so, they may still "do".
- hkmurakami 10y agoYC owns 6% of the company when they go through their program. This stake is diluted further in future rounds of financing. This is not enough stake in the preferred shares to dictate anything.
- jsprogrammer 10y agoSam's New Deal is for 7%, but I believe YC has re-up'd on some companies in the past.
- hkmurakami 10y agoYC following on is a very recent policy. Before, their stated policy was never to follow on, in order to prevent signaling risk.
- jsprogrammer 10y agoHas signalling risk gone away, or has YC expanded its appetite?
- tyre 10y agoYC Continuity now participates in every following round, up to something like a $350m valuation. So they follow on for everyone, to eliminate signaling.