On Applying to Y Combinator

Re:On Applying to Y Combinator by lsc on Thursday October 01, 2009 @05:05AM (#854568)

Insulting, really? so you have 3 guys, and a business plan. you get $20K for say, 6% of the company. Are you really saying a $300K valuation on a company that is 'just an idea' is insulting? Personally, I'd call that high.

But yeah, you are right. it's not about the money. It would probably make economic sense for me to give 6% of my company to pg, even without getting any cash, just for the marketing effects.

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Re:On Applying to Y Combinator by markbao on Thursday October 01, 2009 @04:08PM (#855717)

I'm sorry, you're right. $20k is not a lot of money, but I did overlook the fact that most of the ideas are just that—ideas, versus an actual built business which seems to be in the minority. (Hey, at least it's better than Shark Tank.)

I stand corrected, though it wasn't the main point.

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