Again, it depends on how exactly you imagine the situation. If the choice was acquisition by Google for $2 million, or probable destruction by Google in a year...certainly I would take the former.
On the other hand, if I was passionate about the product and thought there was great potential for growth over the next few months and years, I wouldn't want to walk away for anything less than a fantastic deal.
I appreciate your focus on excellent people rather than returns and dealmaking. The profitability of YC strikes me as an interesting question simply because it's an important aspect of a model that is unique and interesting in many ways.
Re:What's the lowest offer you'd take?
by python_kiss on Thursday March 22, 2007 @03:13PM
(#5765)
What a relief! Thank you for sharing that. After watching everyone talk in millions here, I was concerned my "absolute worst" deal that stretched below $100k might hurt our chances of being accepted to YC. I am going to go ahead and put in an honest estimate :) thanks,
So if you think 3 million is a fantastic deal, then you haven't answered the question correctly. We're not asking what you think would be a fantastic deal, but what would be the worst deal you'd still accept. Would you really turn down 2 million for three months' work?
Incidentally, we don't even think about what we want as a return. Some VCs may, but we don't. We just fund anyone who seems good, and assume the returns will take care of themselves.