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If I interpret their argument correctly, they are not talking about raising VC immediately after YC. Their argument is that, at some point down the line, if you
by bravura 17y ago
If I interpret their argument correctly, they are not talking about raising VC immediately after YC. Their argument is that, at some point down the line, if you try to do a VC round then the sole VC that participated in your seed round has undue control of your first VC round.
- wheels 17y agoI think that's a misunderstanding of the YC / Sequoia relationship. YC raises from Sequoia just like a VC raises from their limited partners. What you're describing sounds more like if YC were doing a syndicate seed investment with Sequoia, which isn't the way the deal works.
- bravura 17y agoThis clarification makes a lot of sense to me.