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Does this mean YC would make a no-cash investment if the right circumstances arose? If so, is it safe to assume that YC's target equity position would not diff
by astrec 19y ago
Does this mean YC would make a no-cash investment if the right circumstances arose?
If so, is it safe to assume that YC's target equity position would not differ significantly given to the relatively low value of the cash component vs. mentoring/networking?
- emmett 19y agoHe means they fund every qualified startup that applies; they have plenty of money. If 100 promising startup teams applied, they'd fund all 100 of them.
- startupcrazy 19y agoOh please, what nonsense. Your statement doesn't even match up with what pg writes.
- pg 19y agoEmmett's right. http://news.ycombinator.com/item?id=120949 http://news.ycombinator.com/item?id=120949
- startupcrazy 19y agoNo, Emmett is not right because there is no definition of qualified. It is a meaningless statement. The problem with the statement is that it implies that you are not funded you are somehow not qualified. What does that mean?
- astrec 19y agoIndeed, but in certain circumstances where there is no scarcity of cash on either side its relative value declines, hence my question.
- pg 19y agoWe'd always offer money. I suppose a startup could refuse to take it. But that would probably mean we'd picked wrong.