3 ms·
I don't think Ycombinator is as restrictive. In this case the bit of equity seems to involve a lot of control, including monthly reports on financials, and cont
by ojbyrne 18y ago
I don't think Ycombinator is as restrictive. In this case the bit of equity seems to involve a lot of control, including monthly reports on financials, and control over hiring and day to day duties (that's what the bit about "no managers, everybody works" implies).
- rms 18y agoYes, but Mark Cuban has to offer better valuations, no one but the micro seed funds can reasonably invest 20k for 5%. And if Mark Cuban really wants to micromanage my company, I'd humor him.
- ojbyrne 18y agoWho says he has to offer better valuations? The last line seems pretty relevant - "Im sure I will come up with more rules as I see what comes along, if anything." You can probably get a better deal from the SBA.
- SwellJoe 18y agoHe'd have to nail down the rules at some point--you can't sign a contract that isn't written. So, you'd know what you're getting yourself into before getting into it.
- deleted 18y ago[deleted]