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ASK PG/HN: Questions before interview for S11 batch: Part 2
How do you decide how much equity you would expect for YC's investment? I was on wompt and conovore the other day when all of this was going down and people were sharing their startups and many seemed very far along.
They way I see it YC adds the following value:
1. Operational Help (incorporation, UX, UI etc)
2. Strategic Advise (PG/JL/HT and others)
3. Cohort Batch
4. Alumni Network
5. Demo Day and Access to Investors
Anything I am missing? Thanks.
- pg 16y agoThere's a bit more to it. We do a lot of talking to investors about the startups. We offer some amount of protection against being maltreated. We have a lawyer in house who does the startups' basic legal work for free, and now a designer too. We mediate founder conflicts. There are many companies that give the startups free services and/or access to otherwise unavailable APIs. We do a lot of press intros. We help the startups recruit people. And probably a few things I'm forgetting; I just got home after traveling all day.