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No, it's not. Show me a team of smart founders pre-product who are telling a coherent value prop story [0] and I'll show you a check for $125k at a $5M cap. [0
by Liron 5y ago
No, it's not. Show me a team of smart founders pre-product who are telling a coherent value prop story [0] and I'll show you a check for $125k at a $5M cap.
[0] https://medium.com/bloated-mvp/how-to-sanity-check-your-startup-idea-dbb3ad4c9888 https://medium.com/bloated-mvp/how-to-sanity-check-your-star...
- jimhi 5y agoMany, many people are not in the Silicon Valley bubble and don’t get lucky enough to break in. I know tons of smart, coherent teams who struggle to this day or gave up. Every time I came into YC to interview (when it was in person) who did not get funded, in startup school, and all over SE Asia.
- Liron 5y agoI'm just talking factually about the capital market. Plenty of funds would accept a deal of automatically funding all YC-accepted companies at a $5M valuation. I would take it myself as an angel investor. And now YC is taking it instead of lowballing.
- jimhi 5y agoFor reference, my company was only able to raise 10k at our demo day with a 6M Cap in 2018. This deal would have kept my cofounder and I from maxing out our credit cards & sleeping on our office floor for a year. We got acquired and I did well anyway but regardless...