Comment by johnrob
19 years ago
A smart company would give 6% equity to YC just for the advice and publicity. The cash is the least valuable part of the equation. 5k per person can be saved up in a number of months, even for relatively low salaries if you are stingy.
I'd honestly be surprised at this point if nobody has offered to pay YC to take equity in a startup.
Am trying to remember if I did that after I was rejected from SFP2005...I know that I offered them free equity in exchange for advice and the ability to come to the YC dinners, but I can't remember if I offered cash. Probably not, as I was poor at the time.
My offer was ignored, BTW.
Not surprising... the benefit of getting accepted is getting face time for advice and networking with potential investors at their dinners, etc., not the funding.
If they said yes to that, there'd be no need to apply, we'll all just show up at Graham's house every day.
2 replies →
Are you asking if YC charges potential investors to attend their demo days?
Interesting if they did... part of YC's function is to introduce follow-on investors to their startups, but I've never thought about their charging investors for that privilege.
Who says there's no business model in the Web 2.0 world?
You're kidding, right? :)
I'd be more surprised if that ever worked. Sounds clueless and suplicating at best, insulting otherwise.
Yes, of course I don't think it would work - I'd just be surprised if nobody has tried it.