> But it doesn't make sense from the other side of the transaction at least to me. It does make sense, because YC is effectively help price a round. What doesn

> But it doesn't make sense from the other side of the transaction at least to me. It does make sense, because YC is effectively help price a round. What doesn't make sense is that most companies that go through YC are getting convertible notes from non-YC seed stage investors, while YC itself as an equivocal seed stage investor is getting equity. This is where the waters get a bit muddy.