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A comment on A Boot Camp for the Next Tech Billionaires. Parent comment

Re:A Boot Camp for the Next Tech Billionaires by pg on Monday May 14, 2007 @01:15PM (#21967)
Yes, true. What I actually said was that if anyone turns us down simply due to the implicit valuation, they've failed an IQ test, but these things get compressed when reduced to one sentence quotes.
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Re:A Boot Camp for the Next Tech Billionaires by budu3 on Tuesday May 15, 2007 @12:14PM (#22264)
What was your exact quote? Where does the 5 mins come in?
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Re:A Boot Camp for the Next Tech Billionaires by jey on Tuesday May 15, 2007 @06:37PM (#22371)
By the time you're at your YC interview, you already know all of the terms of the deal except for one variable: the percentage of the company taken by YC. So if you're accepted, PG calls and gives you this one piece of missing info, and you and your cofounders get 5 minutes to decide whether it's acceptable.
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