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I am assuming that "YC partners not able to invest till the start has raised atleast $500K or 3 weeks after demo day" will mean YC founders follow the rule in l
by pjg 13y ago
I am assuming that "YC partners not able to invest till the start has raised atleast $500K or 3 weeks after demo day" will mean YC founders follow the rule in letter and spirit i.e. no pre-discussions with YC partners leading to pitching claims like "One of the YC partners has committed to investing after first $500K" ...
- pg 13y agoWe're small enough that we can enforce things easily on our side. We can't control what founders say to investors. But experienced investors wouldn't believe a YC partner had agreed to invest without being able to confirm it.