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jamiequint
on Jan 4, 2011
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Paul Buchheit: Angel investing, my first three yea...
With respect to #2: Even if you have a strong network already (barring a previous exit) you could probably get at least a 6.4% (1/(1-.06)) bump in your Seed or Series A valuation just with YC's brand in this funding climate.
joshu
on Jan 4, 2011
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For me personally, I doubt it.
I think the article you are referencing has significant problems, but I won't go into them here.
paul
on Jan 4, 2011
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He did say, "barring a previous exit", which excludes you.
jackowayed
on Jan 4, 2011
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Also, I'd guess that Josh would get a much better deal from YC if he did apply.
Eliezer
on Jan 4, 2011
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A 6.4% bump only buys you back the 6% of equity that you lost if you're selling the
entire
company during the Series A.
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