3 ms·
30% for a year of "roughly my current salary". Oh so you want it for free? Sure, why not.
by phreeza 16y ago
30% for a year of "roughly my current salary". Oh so you want it for free? Sure, why not.
- Tycho 16y agoI wonder what sort of equity Y Combinator would take if they ran a similar operation in Europe. Maybe 30% is more to do with business conditions than with HackFwd's own preference.
- mbarr 16y agoI don't know any specifics, but on Y Combinator's page they say: "We make small investments (rarely more than $20,000) in return for small stakes in the companies we fund (usually 2-10%)." Which I assume means $20,000 = 10% (max of both ranges). So a 30% stake, at this stage, is worth $60,000, which is less than the salary of an average experienced programmer, so is it such a bad deal?
- manvsmachine 16y agoYes, it is. It seems logical that 3x the funding isn't going to produce 3x the outcome, especially at this stage.