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absolutely not. YC is getting their percentage at valuations of around 200-300k. This investment will convert at valuations closer to 5M these days. So in fact
by daniel_levine 16y ago
absolutely not. YC is getting their percentage at valuations of around 200-300k.
This investment will convert at valuations closer to 5M these days. So in fact they're effectively paying 10x what YC is paying for about the same stake in a company post the financing.
Congrats to YC and time will tell if it works, exciting either way.