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Why would they? They are buying into these companies at a $2m valuation which is absurd. It's a no-brainer move and almost nobody can rationally say no since YC
by spoonjim 4y ago
Why would they? They are buying into these companies at a $2m valuation which is absurd. It's a no-brainer move and almost nobody can rationally say no since YC is so powerful
- algo_trader 4y agoHow many of the YC batch are first money in? These were the original target audience ($500K is a great deal for these people). I keep reading these YC stories, but if you dig in, many of them had significant pre-seed funding and product history.
- i_have_an_idea 4y ago> since YC is so powerful How are they 'powerful'? Right now, it is a conveyor belt accelerator. I used to be impressed to see a YC company, now that signal means nothing, there are so many of them. If anything the signal is that the founders were too willing to give up significant equity for not a lot in return.
- spoonjim 4y agoIt still boosts investor interest 100x. Whether it should or not is a different story.