You could say that giving up 6% for $25k is a bad deal, that it values the business at less than $500k Sounds like one hell of a seed-deal to me. At least mine

You could say that giving up 6% for $25k is a bad deal, that it values the business at less than $500k Sounds like one hell of a seed-deal to me. At least mine was much worse than that, I'd be curious to hear about others. The barrier to YC for me personally was the whole relocation to the USA. I understand the reasons for that but can't see myself getting productive work done under such a drastic environmental change. If it wasn't for that I'd have been all over them - 25k for 6% is absolutely a no-brainer in the bootstrap phase.