7% at like a $2M valuation for many starting unproven without connections. FWIW, $2M val, that’s higher than like the majority of Shark Tank deals on TV. And by

7% at like a $2M valuation for many starting unproven without connections. FWIW, $2M val, that’s higher than like the majority of Shark Tank deals on TV. And by Demo Day, you’re raising at $6M minimum just by virtue of YC. If $120k-$150k is meager and you are well connected and perhaps don’t value the network, I agree you might not be the target audience.