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You're out of your mind if you think the YC pre-seed terms are unnecessarily greedy. Where in the world can you get half a million with nothing but an idea to s

by tinco 2y ago

You're out of your mind if you think the YC pre-seed terms are unnecessarily greedy. Where in the world can you get half a million with nothing but an idea to show for it and only have to give up 7%+uncapped? If you've already got investors, why are you looking at YC at all? YC funding is a product, you can't just go and say "ah this product has got features I don't need, so it's a terrible deal".

RestlessMind 2y ago
> Where in the world can you get half a million with nothing but an idea to show for it In Silicon Valley. You can actually get a lot more than 500K. > and only have to give up 7%+uncapped? It is actually 7% for 125K and 325K uncapped, but at the best possible terms offered to other seed investors. So it might end up becoming ~10% for 500K, which is a lot of dilution.