Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC Companies
1–10 of 25 posts
Re: Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC Companies
#2Don'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.
Re: Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC Companies
#3Don'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.
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.
Re: Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC Companies
#4Don'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.
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.
Re: Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC Companies
#5Don'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.
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.
Re: Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC Companies
#6Don'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.
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.
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.
Re: Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC Companies
#7I can't remember who wrote this, but someone recently was blogging about YCombinator being the future of the educational and credentialing system. Stories like this make me believe the author's premise.
Re: Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC Companies
#8Earlier quoted context omitted.
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.
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.
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 :)
Re: Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC Companies
#9Brilliant, brilliant PR that's knocking every corner of the internet.
But the pitch feels a bit dishonest given that the $1m will be "a mixture of cash and equity"
A mixture could mean a $10k signing bonus and $990k in stock. And then what type of stock. And then at what valuation. etc.
But still, got to respect the hustle in that pitch.
Re: Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC Companies
#10Don'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.
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.
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