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I think it works roughly as: if its a different business entity, then unless ownership in the previous entity is converted over in some fashion, YC has no equit
by carterschonwald 17y ago
I think it works roughly as: if its a different business entity, then unless ownership in the previous entity is converted over in some fashion, YC has no equity stake in the new business
- webwright 17y agoHeh, I know how it legally works. A $25 biz license and you're free of YC, theoretically. I guess I was wondering more about what the appropriate thing to do here is and what YC expects to happen. I personally would try hard to keep YC's skin in the game (though I might try to re-apply to YC just to get access to the demo day).