[webwright]

Yaw, that's totally true. This is from the TechStars blog-- the only metric they ultimately care about is return on investment. So this is a big win for them. A huge exit/IPO just about NEVER fails to have a Series A. Given MY tolerance for risk, I'm probably prefer to own Weebly or Wufoo before most other YC companies... But I think it's unlikely that they'll be a HUGE win for YC (9-figure exit, that is).

Entrepreneurs generally (maybe just sometimes?) get into the startup world in the hope that they'll see a multi-million dollar exit (to compensate for the risk and the lack of salary for a chunk of time). For people motivated that way, the Series A is a big deal. Wade through data of $5m+ exits and I think we'd find that the non-funded startup is pretty scarce. Wad through the $20m+ exists and I think they'd be functionally non-existent.

Weebly took $650k according to CrunchBase, so they'd fall into the 6 out of 10 TechStars group, FWIW.