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Ur answer shows clearly, what big mistake the YC guys did. If they just want to be in Ur company, they should've asked U that for free. I think if PG comes to s
by erikb85 17y ago
Ur answer shows clearly, what big mistake the YC guys did. If they just want to be in Ur company, they should've asked U that for free. I think if PG comes to some one year startup and says "Hi, I wanna be in Ur company for 5%" nobody will throw him out. But now for U it is not about that fact that U want him in Ur company, but about Ur pride about Ur "child" (meaning Ur all heart investment for the last year).
I can't give U an advice, U have to know by Urself how much Ur pride is worth to U. I still would take the deal but would make clear that I didn't take it because of the money.
But I can give an advice to the YC guys: Don't bring new creteria into a deal U nearly have closed. New creteria are for deals that U can't close without some new leverage.
All of that includes the assumption that I have all information nessesary about the deal. But actually, nobody has but the topic creator and the YC guys. So, don't take my words too seriously!