3 ms·

I thought rock bands got shitty contract deals from record labels. These terms seem pretty fair and very unlike the recording industry.

bryanlarsen 16y ago
On the surface, YCombinator IS giving a shitty deal. 6% for a few thousand dollars? That's highway robbery. Except, of course, you're getting a lot more than money for your 6%. The difference is that YCombinator's promise are much less empty than that of a record labels. (I know, I deflected. Milner's terms are not shitty. It's YCombinator's that are, but only on the surface).
- lsc 16y ago
  >On the surface, YCombinator IS giving a shitty deal. 6% for a few thousand dollars? That's highway robbery. I think for most startups that haven't executed much, that's an incredible deal. Your idea that your two buddies just threw together, and maybe a prototype, is worth $250,000. Really? (I know that some more mature companies have come to Ycombinator, companies likely worth more, but there are ycombinator companies that came fresh; so my assumption would be that the more mature companies would get a somewhat better deal than the brand-new companies. If that isn't the case, then it's possible that those more mature companies are getting the poor deal you are suggesting. But certainly for a fresh company, the ycombinator valuation, I think, is quite generous.) Maybe it's just because I'm in a more traditional market, where people value you based on revenue, or maybe it's because I'm not that good, but it's taken me years of work to reach that kind of a valuation. (on the upside, the valuations are somewhat, ah, less volatile in my industry. Assuming that my costs/revenues don't change sharply, the valuation of my company isn't going to change sharply. )
- justin 16y ago
  When I first got into Y Combinator, our company with two founders straight out of college with no prior software engineering or startup experience and a prototype calendar demo was valued at 300k. We were ecstatic. That was the best deal I've ever been offered in my life.
  - realitygrill 16y ago
    I don't think I've ever heard the Kiko backstory (before justin.tv), and I hope you guys tell it sometime.
    - thetable 16y ago
      http://areallybadidea.com/34320844 http://areallybadidea.com/34320844

bryanlarsen 16y ago

On the surface, YCombinator IS giving a shitty deal. 6% for a few thousand dollars? That's highway robbery. Except, of course, you're getting a lot more than money for your 6%. The difference is that YCombinator's promise are much less empty than that of a record labels. (I know, I deflected. Milner's terms are not shitty. It's YCombinator's that are, but only on the surface).

lsc 16y ago
>On the surface, YCombinator IS giving a shitty deal. 6% for a few thousand dollars? That's highway robbery. I think for most startups that haven't executed much, that's an incredible deal. Your idea that your two buddies just threw together, and maybe a prototype, is worth $250,000. Really? (I know that some more mature companies have come to Ycombinator, companies likely worth more, but there are ycombinator companies that came fresh; so my assumption would be that the more mature companies would get a somewhat better deal than the brand-new companies. If that isn't the case, then it's possible that those more mature companies are getting the poor deal you are suggesting. But certainly for a fresh company, the ycombinator valuation, I think, is quite generous.) Maybe it's just because I'm in a more traditional market, where people value you based on revenue, or maybe it's because I'm not that good, but it's taken me years of work to reach that kind of a valuation. (on the upside, the valuations are somewhat, ah, less volatile in my industry. Assuming that my costs/revenues don't change sharply, the valuation of my company isn't going to change sharply. )
justin 16y ago
When I first got into Y Combinator, our company with two founders straight out of college with no prior software engineering or startup experience and a prototype calendar demo was valued at 300k. We were ecstatic. That was the best deal I've ever been offered in my life.
- realitygrill 16y ago
  I don't think I've ever heard the Kiko backstory (before justin.tv), and I hope you guys tell it sometime.
  - thetable 16y ago
    http://areallybadidea.com/34320844 http://areallybadidea.com/34320844