3 ms·
The truth is YC at 125k is a ridiculous deal. They're essentially banking on the brand name being valuable enough for you to give up significant equity for what
by i_have_an_idea 6y ago
The truth is YC at 125k is a ridiculous deal. They're essentially banking on the brand name being valuable enough for you to give up significant equity for what is, in reality, very little money. This is getting more and more true each day as YC accepts more and more companies, from anywhere, in more and more batches and you get even less access to contacts and mentorship.
- tacostakohashi 6y agoI used to be amazed that anyone found it appealing back when it was $20,000! https://blog.ycombinator.com/a-new-standard-deal/ https://blog.ycombinator.com/a-new-standard-deal/ Even if you're eating ramen, that's like 3-6 months of expenses at best. For anyone that isn't like fresh out of college, you'd think they'd have access to that kind of capital through savings, family/friends, or even credit cards. I guess it rather strengthens your point about it being all about the brand name rather than the capital.
- cosmodisk 6y agoFamily/Friends/Credit Card isn't something you can walk away in case of failure.