[Julianhearn]

Don't yc companies have only a few team members, say three. That $333,333 per team member. Seems like more money than sense. a good argument not to give startups much money until they have a profitable business model and just need money to scale.

[mattmaroon]

If I'm reading this correctly, it's $1m they're putting up to acquire "teams", not "a team". My guess is each team will get much less, which makes me question the usefulness.

[retroafroman]

Being that the $1M is a mixture of cash and stock, they're not likely to actually get that much cash per person. In fact, I'm betting it's much less. Also, who knows if what they intend on paying the founders/new employees after they start working. Perhaps they'll offer a minimal salary, meaning that it all balances out in the end. Despite this eye catching headline, there's still a lot of unknowns that could make it a not very sweet deal.

[itry]

They dont say how much real money they put on the table. They say "$1MM in cash and equity". Its a marketing ploy. And it worked. They got a catchy TC headline for free.

[cwe]

It's not necessarily $1 million each, but total for however many they find. If it's coming out of a $4 million investment, they can't recruit that many teams.

[itry]

Equity, baby! They offer equity, not cash. Only an unnamed amount of cash. So if they value their company at 100 trillion, they can recruit a lot of teams for 1 million each :)