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A comment on There's always other places to turn to.. Parent comment

Re:There's always other places to turn to. by nanijoe on Friday October 19, 2007 @10:57AM (#70346)
"I am not too disappointed that our application was rejected on those grounds. Really, who wants to give up so much for a few dollars and a chance to give a presentation? "

This is of course tongue-in-cheek right?

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Re:There's always other places to turn to. by GammaStats on Friday October 19, 2007 @01:47PM (#70412)
Actually no,

One of the primary factors that makes me say this is that Google got over $12million for only a 10% stake in the company from Sequoia Capital. I learned about this after we had already applied.

If PG would have asked us for an interview and invited us, I (personally) would have rejected the offer if their stake was to be more than say 2%.

YC is asking for a huge chunk for slight benefits. Its not tongue-in-cheek, its strictly good business.

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