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by confiscate
3588 days ago
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Ya you're right I didn't do the exact math so I don't know what the numbers are. For 7% of a 800k MRR fast-growing rocket, you can probably get multiple really veteran execs from your industry (healthy snacks in this case), each bringing on their own industry connections (e.g. to wholefoods etc). 800k MRR is 9.6million ARR, so even if you don't grow monthly, that's a lot of money. With that ARR you can probably raise much more than 120k with 7%. Every dollar counts in a startup Maybe they did the math and it looks to be worth it. Or maybe when they joined YC they had $0 MRR and YC helped them get to 800k by graduation day. I can only guess with limited info from Techcrunch so my guess may not be accurate! |
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