@rusyngirl YC or any VC for that matter is irrelevant here.
I was only trying to explain the context as a solo founder and my prospect of getting funded by VCs or any accelerator programs as a solo founder..
I will eventually have to raise capital to scale and for that matter I will need to take any available routes at my nearest disposal.
So YC was just a past case scenario where I applied with an MVP & 0 revenue and got rejected twice. However the 2nd time I got an email that I was in the top 10%. I in-fact received 2 emails before being rejected. This time around I had a co-founder, an MVP, 5000 test users and “0” sales.
So I couldn’t decipher the exact factors that got me into top 10% the 2nd time!! Was it coz I had brought in a co-founder? Or was it some random stuff?
Hence now that I have traction, decent revenue and quantifiable results; would I be an attractive prospect as a solo founder to any accelerators or VCs?
If not is there any standard form of equity split laid out in such cases where a new co-founder finally joins when the startup has achieved PMF, revenue and growth???
I don’t have a proper and fair understanding of how much equity to give if a new co-founder comes onboard.
Coz the 2nd time when I got a technical co-founder on board, I already had 5k users, semi functional MVP and some traction which I did it solo.
The co-founder only joined the startup late during the application process with 35% equity to his name. We didn’t get an interview, and the potential co-founder continued his employment with his old company..
Now the scenario is lot different, and I don’t know if I should still go solo or take a chance with a new cofounder.