Re:What Founders Ask Founders About Getting into Y Combinator
by vbhartia on Friday September 30, 2016 @09:35PM
(#12616185)
Got it. Thanks! How did you think about the standard terms - 7% of your company for 120k. Seems like you would've had a higher valuation already, so 7% would have been costly. Feel free to not reply, I understand if you can't disclose terms.
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Re:What Founders Ask Founders About Getting into Y Combinator
by sytse on Friday September 30, 2016 @09:43PM
(#12616206)
I hoped for another valuation but we got the standard terms. In hindsight it was a really good deal for us. It is not about the $120k. They way I look at it now is, did it make us 10% more successful and valuable? For sure it did. The money is secondary, it is more like a full scholarship so you can attend the program than an investment.