Re:Why Y Combinator is a waste of time
by pg on Thursday April 05, 2007 @07:31PM
(#9450)
Microsoft took funding before their IPO. I've never understood why; it has the smell of a bribe; but they did. Apple took a lot of funding.
[ Parent
| on HN ]
Re:Why Y Combinator is a waste of time
by nostrademons on Thursday April 05, 2007 @08:51PM
(#9467)
From what I read, Microsoft took a mezzanine round before IPO because VCs have connections to investment bankers, and Microsoft needed investment bankers to make the IPO process run smoothly. So yeah, it basically was a bribe.