Is it just me or does anyone else think that many of the startups from Day 1 and Day 2 are well beyond the "seed" stage that YC claims to target? I get that YC is a perfect program to prepare a company for raising significant investment, so it makes perfect sense for the startups to join even at a later stage. Also derisks YCs investment on the standard terms (i.e. 7% of a later-stage company for 120k$ is a better deal than 7% for 120k$ at an entirely unproven company).
Example: Ohmygreen claims it's a logistics company (which implies CapEx unless they rent, which eats margins) and already has 800k MRR. Doesn't quite fit my definition of "seed" stage.
Example: Ohmygreen claims it's a logistics company (which implies CapEx unless they rent, which eats margins) and already has 800k MRR. Doesn't quite fit my definition of "seed" stage.