> This transaction just doesn't make sense to me at all.
As a YC applicant I feel I am in a position to offer an explanation.
Money is very hard to raise for many first time founders; 120k is a fortune at this early stage. YC offers access to its rolodex and being accepted (whether the startup succeeds or not) is a badge of validation that opens many doors internationally.
As a YC applicant I feel I am in a position to offer an explanation.
Money is very hard to raise for many first time founders; 120k is a fortune at this early stage. YC offers access to its rolodex and being accepted (whether the startup succeeds or not) is a badge of validation that opens many doors internationally.
The trade-off is worth it.