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Yeah... Anyone know how much YC is contributing and what they get in exchange? Some kind of ownership of the company? Do people taking part in the $482,000 f

by yapcguy 13y ago

Yeah... Anyone know how much YC is contributing and what they get in exchange? Some kind of ownership of the company? Do people taking part in the $482,000 fund raiser get ownership of the company? Why doesn't YC just donate money as part of the fund raiser?

TheMakeA 13y ago
They don't get anything. http://ycombinator.com/np.html http://ycombinator.com/np.html
- yapcguy 13y ago
  Seems strange that non-profits have to "pitch" to validate themselves. If they have a mission, and believe in it, why do they need a bunch of money from men in suits? Looks like easy PR and Goodwill for YC. Reminds me of all the big banks who take out full-page ads every Christmas and send out press releases touting how they're helping society by taking part in a Christmas fund raiser.
crystaln 13y ago
Non-profits don't have shareholders.