7 ms·
I'm interested in one other thing - does anyone know if any VC (YC or not) 'fund' startups that don't need money at all - but only connections and advice in exc
by Keyframe 17y ago
I'm interested in one other thing - does anyone know if any VC (YC or not) 'fund' startups that don't need money at all - but only connections and advice in exchange for a percentage?
- jlgosse 17y agoI would also be interested in knowing something like this. Speaking with a seasoned VC or even entrepreneur could be just as valuable to someone who is thinking about launching a startup.
- byrneseyeview 17y agoI'm not sure how common it is, but I know it happens. That's how Microsoft's original VC round went down.
- pkaler 17y agoYou want to build an advisory board. A lot of startups build a board of advisors even if they take money or not.
- alain94040 17y agoActually this is the best way to raise money from VCs: when you don't need it. If your company is successful, growing, getting lots of press and doesn't need cash... raise cash! Really. You'll get excellent terms and two years later down the road you'll be glad you did, because the unexpected always happens, and cash always helps you get out of trouble.
- pg 17y agoYes, this is common. Many of the people we fund don't need the money. And e.g. the founders of Friendfeed and Twitter didn't need the money either.
- netsp 17y agoIs it normal (not necessarily within YC, I'm speaking generally) for them to either accept money regardless in order to get the associated benefits (even if these include help raising larger sums later) or come to some non cash exchange?