3 ms·
Fuck you money indeed, but I think it means more than just indulging. Giving the YC companies $150k means they're likely on better terms for the first investme
by Smerity 16y ago
Fuck you money indeed, but I think it means more than just indulging.
Giving the YC companies $150k means they're likely on better terms for the first investment round. It moves the discussion from "we need money to survive and grow" to "we could use money to grow faster".
This will give many entrepreneurs a nice long runway to ensure their valuation looks good and that they're negotiating from a position of relative confidence.