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  1. M

    Do you ever feel like your co-founders are not competent even though you can't prove it?

    @aachen_hexagon Give me jquery all day every day. Let's ship that shit brother.
  2. M

    Do you ever feel like your co-founders are not competent even though you can't prove it?

    @labbish Not that it will help you at all, but it's a very difficult situation - the two above scenarios were never solved during my tenure at those companies. In the first case, I spent six months trying to show the CTO why we needed to ship more. He seemed to understand, but then would tell...
  3. M

    500k$ for 7%

    @icandoallthings1 The YC deal is $125 for 7% and the rest is an upfront payment for shares at whatever your first priced round is (that is, the first valuation you agree with another investor). The idea is that on day one, it's difficult to value a startup that has little revenue, so it's just a...
  4. M

    Do you ever feel like your co-founders are not competent even though you can't prove it?

    @labbish I've worked in a startup where there were only 3 frontend devs, but they were absolutely fixated on bullshit work like building their own component library completely from scratch, or migrating from Vue to react because it was a better framework. This was completely supported by the cto...
  5. M

    How much equity do you expect to give away?

    @eternallykeptbyjesus You're not wrong, but just to nitpick: Everyone is diluted at every round of funding. YC owns 7% of your equity the day you sign their agreement, but that % drops when you issue more shares in each subsequent round. Your illustration assumes that only the founders are...
  6. M

    After YC acceptance, what are YC's expectations on exits? (unicorn vs. modest exit)

    @danjos3ph 100x in 10 years. Angels/accelerators participate in many more rounds of companies that ultimately fail than VCs who only invest in later stages (where a lot of bad startups have already been shaken out). To come out on top, they arguably need the winning exits more than anyone else...
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