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No, because founders that are truly as visionary and intelligent as Apple's co-founders are unlikely to be willing to give up a sizable amount of equity for a t
by i_have_an_idea 6y ago
No, because founders that are truly as visionary and intelligent as Apple's co-founders are unlikely to be willing to give up a sizable amount of equity for a tiny amount of money and the promise of being able to meet a few people and call in a few favors.
Even more so in recent years, since YC has essentially turned into a conveyor belt incubator (in my opinion).
- brudgers 6y agoMarkula got 1/3 of Apple for about $350,000 as its first investor.
- i_have_an_idea 6y agoHe got 30% for $1.1M adjusted to today's money and became employee no. 3. Woz credits him as being more important than himself to Apple's success. So, you could make the argument he was closer to a co-founder than just an investor. In contrast, YC wants 7% for $125k, and you get a few talks, some introductions and "office hours" meetings. It's an apples to oranges comparison.
- brudgers 6y agoYou could make such an argument, it's the internet after all, but the third founder of Apple was Wayne.