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This event is quite different from YC. It's for VC / Preferred Stock funding, not the true seed / Common Stock funding provided by YC. As you can see, the main
by prakster 20y ago
This event is quite different from YC. It's for VC / Preferred Stock funding, not the true seed / Common Stock funding provided by YC. As you can see, the main sponsor is Sequoia.
- rokhayakebe 20y agoOk. this is not about funding, but it sure can get you more funding then you would want. The point is if you have a great product this launch pad could help you get tremendous attention.
- prakster 20y agoTrue.
- pg 20y agoArgh, this whole common/preferred stock thing is really a side issue. It's not the distinctive feature of seed funding or a significant benefit of YC.
- prakster 20y agoPaul - re common/preferred issue - as an entrepreneur, it's a huge deal to me and my co-founders. Here's a relevant excerpt from Venturebeat: "...VentureBeat thus believes Y Combinator's approach offers an advantage to entrepreneurs because they are not held hostage by the often onerous privileged rights that preferred shareholders often demand, such as minimum payouts upon acquisition or dissolution, rights to receive compensation before common, or anti-dilution rights. Common stock aligns the interests of Y Combinator with the interests of the founders and employees, who also hold common."
- pg 20y agoPreferred stock is only as bad as the terms that come with it. And that's a continuum. If you have preferred stock with no particularly onerous special rights, as for example we bought from Justin.TV, then it's no worse for the founders than common. Better, in fact, because you can claim a lower value for common shares when you give them to new hires.