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Well if you can get that 500k somewhere else, then take your business elsewhere. At the end of the day, everything is just a deal you can either agree to or wa
by tus666 5y ago
Well if you can get that 500k somewhere else, then take your business elsewhere.
At the end of the day, everything is just a deal you can either agree to or walk away from.
I get the point of this Twitter thread is to basically say just that, that YC is a bad deal, but so are lots of things in the world. The idea that you should always be looking for the best deal hardly needs to be stated.
Is there a marketplace for investors in the world where startups can basically find the best offer, or auction themselves?
- nfw2 5y agoAbsolutely this. The argument that 500k for 10% is always an overvaluation seems pretty bad. If you're a team of first-time founders and haven't found market fit yet, getting any investment from VC's might be a challenge. 500k is enough to give a company whose only real asset is hungry talent a fighting chance.
- forgatmigej 5y agoNowhere else on earth is hungry talent alone worth 500k. What an immensely privileged position to be in. And what an unjust system it must be for this to be possible, for fiefholders to play patrons in this way.