> If you sell another 15-20% on demo day, YC can end up owning roughly 20% of your company for 500k. How will YC own another 13% if you only sold another 15-20

> If you sell another 15-20% on demo day, YC can end up owning roughly 20% of your company for 500k. How will YC own another 13% if you only sold another 15-20%? That would mean you sold 2-7% for 60k - 200k at a 2.9m valuation, unrealistic. Seed rounds themselves will be 10% - 15%, $2-5m at a $15 - 50m valuation. Most likely they're getting another 1 - 3% for that 375k if you raise a standard seed. I agree that YC could've got a lot more impersonal with the huge 500+ batch sizes these days. But I still don't agree that the "connections" you're making or making "more people like me" are important when you're spending the money you say you need by raising from your own angels. Raising from your own angels stands as important because you're getting cash for operations and advice, no brainer. I think there's a good reason why founders angel invest after series B+, when they're possibly able to pull liquidity to the tune of several million dollars, making the $50k angel investments trivial. It shouldn't be your focus right now.