I wouldn't consider YC until they let you stay in NYC (would cost me too much to leave in terms of present business (get on this Alexis (the East doesn't need an ambassador but rather an embassy))), but the % valuations they give are truly a drop in the bucket.
Yes companies get "screwed" by YC's initial valuation but in the long run it works out great for them. The demo-day investments, as well as the "@ev tweetability factor", are awesome things YC gives at a bargain of whatever % they ask for. And with that compiled into the equation, each % is probably worth 100k.
Do I think PG gets a piece of startups at a ridiculous deal? Yes. But that just shows PG and YC are the sort of folk you'd do well to listen to and partner with. And I can think of a few YC startups who came back for more.
I wouldn't consider YC until they let you stay in NYC (would cost me too much to leave in terms of present business (get on this Alexis (the East doesn't need an ambassador but rather an embassy))), but the % valuations they give are truly a drop in the bucket.
Yes companies get "screwed" by YC's initial valuation but in the long run it works out great for them. The demo-day investments, as well as the "@ev tweetability factor", are awesome things YC gives at a bargain of whatever % they ask for. And with that compiled into the equation, each % is probably worth 100k.
Do I think PG gets a piece of startups at a ridiculous deal? Yes. But that just shows PG and YC are the sort of folk you'd do well to listen to and partner with. And I can think of a few YC startups who came back for more.