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Did you give your equity just for this? it doesn't sound a good deal on your side.
by devops000 6y ago
Did you give your equity just for this? it doesn't sound a good deal on your side.
- unamashana 6y agoI probably didn't do a good job in listing down all the benefits. I skipped the biggest one - the YC network. It's an amazing network that's ready to adopt new products as well as invest in them. YC also gives you a lot credibility. If you don't have a pedigree (previous exit, FAANG network), it's your buy-in in the big league. Besides they invest 125k, which may not sound like a lot but is a good first cheque in that can get you pretty far on it's own.
- ramraj07 6y agoWhat’s the current equity scenario again? I remember them saying it’s not fixed but what is it? And what is it practically in your cohort?
- unamashana 6y ago7% for $125k with some pro-rata rights - https://www.ycombinator.com/deal/ https://www.ycombinator.com/deal/
- ZephyrBlu 6y agoYeah, even if you got $0 it would still probably be worth it. If you company fails you still end up with an insane network.