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Why does Y Combinator invest with a Most Favored Nation clause?
@gracefulsongonfire This is a results-driven industry, and Neo has no outcomes to speak of yet. Therefore they are not competitive with anyone, especially not the most successful accelerator of all time. The only other accelerators with any real outcomes to speak of are Techstars and 500, and...- leaniemeanie
- Post #14
- Forum: Y Combinator
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Why does Y Combinator invest with a Most Favored Nation clause?
@gracefulsongonfire So they're just cheaper... Not more competitive.- leaniemeanie
- Post #12
- Forum: Y Combinator
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Why does Y Combinator invest with a Most Favored Nation clause?
@gracefulsongonfire Damn, I've never heard of Neo... Have they accelerated 100ish unicorns as well?- leaniemeanie
- Post #10
- Forum: Y Combinator
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Why does Y Combinator invest with a Most Favored Nation clause?
@clementinemoon Well, let's look at the path of your typical non-YC company... A pre-seed round will usually range between $500K and $1.5M for 10%-15% of the company at a $5M-$10M valuation, and buys the company 12-18 months of runway. The lead investor is typically looking for at least half...- leaniemeanie
- Post #2
- Forum: Y Combinator