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Well, the benefit to YC is that they can get a better feel for companies which may fully apply to a class for a somewhat nominal fee. Stronger branding, bigger presence, and just d…

Yes, though what size chunk is not clear. So certainly 'a' chunk.

Indeed, there were secret deals with record labels in which Spotify gave up 'some amount' of equity to majors in order to be able to stream their catalogs....along with an upfront …

Their service isn't free, they charge an administration fee of 3-7% (depending upon the organization we are talking about). It just comes out before you get your check. They are 'n…