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How much do you guys pay?
We pay pretty well, both salary and equity :).
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That's a great question. One interesting bit on the job application page: > We offer standard startup benefits, including equity in YC. As a member of YC, you'll also have opportunities to get to know a lot of the best people in the startup world. But no mention of a salary. In this particular case I'll make an exception to the rule that you should value your stock at $0.
Actually, it's rather clear that Y Combinator has no plans for an exit event. To quote Paul Graham himself ( https://news.ycombinator.com/item?id=13784 ): "Ordinarily a startup should be a C corp. It's cheaper to be an LLC, but if you plan to succeed, you may as well do things right from the start. With an LLC profits don't get taxed twice like in a regular corporation. So it makes sense to be an LLC if you expect to…
Earlier quoted context omitted.
Actually, it's rather clear that Y Combinator has no plans for an exit event. To quote Paul Graham himself ( https://news.ycombinator.com/item?id=13784 ): "Ordinarily a startup should be a C corp. It's cheaper to be an LLC, but if you plan to succeed, you may as well do things right from the start. With an LLC profits don't get taxed twice like in a regular corporation. So it makes sense to be an LLC if you expect to…
The idea that shares are worth $0 because there are no plans for an exit is ridiculous.
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The idea that shares are worth $0 because there are no plans for an exit is ridiculous.
If there's no dividends or liquidation ability then why would they be valued anything but zero?