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An initial round for the class is typically between $250K and $500K, so between $2500 and $5000 per company. So there would be 100 teams in a class (a team can
by itsnotvalid 15y ago
An initial round for the class is typically between $250K and $500K, so between $2500 and $5000 per company.
So there would be 100 teams in a class (a team can be single person). Calculating from validation, say a classmate is giving up 10% (ceiling value suggested by YC) for $5000, that is 50000 in valuation. I wonder what pg would think on this.
- grandalf 15y agoIf we are doing things as intended, the value add by Dandelion will more than justify the overall valuation being close to PG's recommended ceiling. And a founder can always request slightly different terms. It's not about the terms at this phase, one just wants to avoid doing anything that will hinder future investment.