A lot has been said to rebut the math in the article. One more smart thing I'd like to point out about YC is that by making it a standard 6% for all, it remove

A lot has been said to rebut the math in the article. One more smart thing I'd like to point out about YC is that by making it a standard 6% for all, it removes any discussion on valuation. Those discussions tend to be very counterproductive: as the investor, I offer you X%. You feel insulted, you counter-offer. Repeat. By the time we are done and agree to terms, there is bad blood. The YC method? No discussions. You know the terms when you apply. End of story. We can all stay friends. Simple and elegant. Is 6% the right number? 1% would be rip-off. 5% is essentially the same as 6%. It's small enough that it doesn't impact the founders in the grand scheme of things, significant enough that YC gets some upside. Sounds fair to me.