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Just out of curiosity: Are you dissolving the corporation (and YC involvement) or are you continuing with YC involvement for a future venture?
by bk 17y ago
Just out of curiosity: Are you dissolving the corporation (and YC involvement) or are you continuing with YC involvement for a future venture?
- ivankirigin 17y agoI'd love to give YC advisory shares in a future startup. We're eventually dissolving the corporation, but need to handle cash out properly.
- johnyzee 17y agoGive, or sell, shares? I am just wondering if you consider YC involvement so valuable that you would actually hand over shares just to have them on board in a venture.
- daleharvey 17y agothats quite common for advisary board positions (usually < 1%)
- aditya 17y agoIt's surprising isn't it? that's the same amount you'd give an early engineer. Makes it sound like advisory board positions add an equal amount of value.
- ivankirigin 17y agoThat entirely depends on how early, right? Advisers can definitely be worth more than a single engineer.
- aditya 17y agoYep, I think my big trouble is 'can' and 'will'. An engineer, being a full-time employee will come in and kick all sorts of ass, while an advisor may or may not help you make the right decision, make the right connections, etc. Not saying that it isn't good to give your advisors equity but just wondering if you might be better of hiring great engineers and giving them more equity. Probably need personal experience to figure out the right answer (if there is one).
- jacquesm 17y agoI'm all for giving shares based on performance, not on day 1, both for 'advisors' and 'engineers'. Prove it, then get rewarded.
- ivankirigin 17y agoThat's exactly what I'm saying. I haven't asked pg or jl if they'd be willing to do it like this. The paperwork is certainly cheaper, but their stock would have fewer rights. I don't plan on needing the money.