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I'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.
by Liron 5y ago
I'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...