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by johnrob
1042 days ago
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If you look at it from 10k feet, it’s a credible investor promising a pre-stated amount of money and a quick yes/no answer, with minimal song and dance. This is practically non-existent elsewhere. The high equity cost is the premium for skipping the traditional process. Edit: I should also add that YC is trustworthy as well (easy to underestimate this part). |
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