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Hi Michael, If a startup has taken a lot of dilution before applying for YC, is YC flexible enough to not dilute the founders but come up with a structure that
by BIackSwan 10y ago
Hi Michael,
If a startup has taken a lot of dilution before applying for YC, is YC flexible enough to not dilute the founders but come up with a structure that makes them get 7% through a secondary sale or some other tactic which makes sense for that specific situation?
I have mostly come to the conclusion that the answer is no because YC likes to do stuff in a standard way and there is no room of flexibility w.r.t that aspect of the program terms. Just wanted to confirm that though.