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“a stranger is asking you to risk $100k on his half-baked plan” is more less what YC is. And no debt involved. You can correct yourself from there.
by asdf88990 4mo ago
“a stranger is asking you to risk $100k on his half-baked plan” is more less what YC is. And no debt involved.
You can correct yourself from there.
- UltraSane 4mo agoAnd in exchange YC demands a large percentage of ownership of the company. Completely different than a loan for 5% interest.
- gnabgib 4mo agoWhat are you basing this on? The current $.5M up front for 7% ownership deal? https://www.ycombinator.com/deal/ https://www.ycombinator.com/deal/
- UltraSane 4mo agoIf you don't understand the difference between a loan for 5% interest and 7 freaking percent of your entire company then you really don't understand finance at all.