absolutely not. YC is getting their percentage at valuations of around 200-300k.
This investment will convert at valuations closer to 5M these days. So in fact they're effectively paying 10x what YC is paying for about the same stake in a company post the financing.
Congrats to YC and time will tell if it works, exciting either way.
This investment will convert at valuations closer to 5M these days. So in fact they're effectively paying 10x what YC is paying for about the same stake in a company post the financing.
Congrats to YC and time will tell if it works, exciting either way.