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If you get accepted to YC, you instantly own 93% of a $1.7m worth company, so you’ll be an illiquid millionaire (on paper)
by throwaway_4ever 5y ago
If you get accepted to YC, you instantly own 93% of a $1.7m worth company, so you’ll be an illiquid millionaire (on paper)
- TigeriusKirk 5y agoI wonder if this has any practical effect for people. Does it change their financial status in any meaningful way?
- throwaway_4ever 5y agoI doubt it. It’s extremely illiquid and won’t help as collateral for any type of loan for liquidity needs. It’s just a 60-100k salary for 1-4 years.