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They 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".
by jsprogrammer 10y ago
They 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.