3 ms·
> YC doesn't invest in companies who aren't aspiring for valuations in the 7 or 8 figures False. YC even has a non-profit track: https://www.ycombinator.com/bl
by robocat 3y ago
> YC doesn't invest in companies who aren't aspiring for valuations in the 7 or 8 figures
False. YC even has a non-profit track: https://www.ycombinator.com/blog/what-y-combinator-looks-for-in-nonprofits/ https://www.ycombinator.com/blog/what-y-combinator-looks-for...
But yes, YC is VC and YC wants to create unicorns and has little interest in small businesses or bootstrapping.
Joining YC is giving yourself a median outcome of failure - $0 for your common shares is the expected outcome (albeit likely true for bootstrapping founders too?).
VC incentives and rules mean that VC virtually always takes more than 50% ownership over multiple rounds. So even if founders backed a winning business, founders will usually have lost control. VC will often kick founders out (it's allowed in the contracts and is part of the game).