4 ms·
This seems to solve one problem, but does it create another? Does it diminish the incentive for partners? Or wind up penalizing the winners (better firms comi
by mathattack 13y ago
This seems to solve one problem, but does it create another? Does it diminish the incentive for partners? Or wind up penalizing the winners (better firms coming out of demo day) by reducing their exposure to firms most likely to invest in them?
My sense is net this is positive.
- outericky 13y agoI don't think it diminishes incentive for partners - if anything, it gives them a bigger window to decide who to invest in based on a larger market response - though I think for most of them this isn't really necessary as they tend to be forward thinking already (and have spent 3 months with the founders) vs having "herd mentality" and reacting to the market.
- kevin 13y agoI can't speak for the other partners, but I love that we're willing to do whatever it takes to help our startups succeed. I don't work at YC for the money. I work there because they are the best at what they do and are always trying to do the right thing for their founders. It was my experience when I went through the program and it's reinforced by actions like this.
- mathattack 13y agoAhh - I misinterpreted partners. I thoughts it was the coinvestors providing converts. This makes much more sense to me now, and is obvious in hindsight.