3 ms·
Apparently it isn't no brainer, since I don't understand what is the benefit received for 7% of the company. Could you explain?
by 762236 5y ago
Apparently it isn't no brainer, since I don't understand what is the benefit received for 7% of the company. Could you explain?
- pyb 5y agoYou get 500k investment, and you get to participate in the YC accelerator.
- exolymph 5y agoThe money is helpful if you're close to seed stage, but the network and brand cachet are invaluable. For example, recruiting is crucial for early-stage startups, and it is MUCH easier to recruit high-level talent (and get them to accept more equity in lieu of more cash) when you have a name-brand VC committed.
- skeeter2020 5y ago>> brand cachet are invaluable. This was much more a value when there was only a handful of companies in each cohort. Now there's 3 groups: * YC~low number~ that I've heard of: Original signalling value * YC~low number~ that I've never heard of: zombie * YC~high number~ : new batch of spray and pray This is unfair but my initial reaction