YC's equity take isn't set in stone. That's why they specify a range. If you're experienced, connected, resourceful, and/or awesome enough to attract similar va

YC's equity take isn't set in stone. That's why they specify a range. If you're experienced, connected, resourceful, and/or awesome enough to attract similar value for less equity elsewhere, you can negotiate the terms. Hipmunk did. As for your job/lunch comparison, I'd argue that YC's network, connections, feedback, advising, alumni network, speakers, etc. are the "job" and the money they give you is the "lunch" rather than the other way around. Lastly, YC is an accelerator, not an incubator, which I think is an important distinction for anyone reading this thread and considering applying. You don't work on-site at YC. You work in your proverbial garage. I mention these things because they might help friends, acquaintances, and others who are still considering applying.