If you look at it from 10k feet, it’s a credible investor promising a pre-stated amount of money and a quick yes/no answer, with minimal song and dance. This i

If you look at it from 10k feet, it’s a credible investor promising a pre-stated amount of money and a quick yes/no answer, with minimal song and dance. This is practically non-existent elsewhere. The high equity cost is the premium for skipping the traditional process. Edit: I should also add that YC is trustworthy as well (easy to underestimate this part).