They are a company with real revenue that's growing and they think the publicity will sort of make up for it, so they don't end up losing too much on it.
If yc does 5 nonprofits per batch, $500k is not a lot of money.
Exactly right. It's great to see a company which is growing fast, generating real revenue and quietly establishing itself as one of the most exciting startups in the valley, giving back like this.
Note to founders - this is the kind of thing you can do when your startup makes money!
If yc does 5 nonprofits per batch, $500k is not a lot of money.