Following on from our Metarand Unplugged session with recent Y Combinator graduate, Omnisio, here is an interview of YC’s founder, Paul Graham.
The comment I love the most: in asking for a median 6% equity from participants in the YC program, founders should grok that this effectively means Paul and the team have given quid pro quo by achieving a 6.4% improvement in a participant venture.
I’d imagine that this point is reached by the end of the first day of the program!