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Comment by pclark | Hacker News Reader

> The Team Apart founders were members of Y Combinator’s class of Summer ‘08, though the company has moved on to an entirely new project than the one they were initially working on while at YC

is this the new project?

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I always kinda wonder about the mechanics of the new idea after YC (with the same team). Given that PG says, "the idea will oftentimes change", are these new ideas under the banner of the same company? In other words, are they still YC companies and does YC still have equity?

I suppose removing YC from the equation is as simple as getting a new biz license, but what are the "rules" here?

if I'd been thru YC and changed my idea massively I'd fight hard to maintain YC with my company.

I don't think they massively changed their idea. They demoed a few months back with a nearly identical product.

I think it works roughly as: if its a different business entity, then unless ownership in the previous entity is converted over in some fashion, YC has no equity stake in the new business

Heh, I know how it legally works. A $25 biz license and you're free of YC, theoretically. I guess I was wondering more about what the appropriate thing to do here is and what YC expects to happen.

I personally would try hard to keep YC's skin in the game (though I might try to re-apply to YC just to get access to the demo day).

Based on whather's previous submission, it looks like their previous startup is Meetcast which seems similar to TeamApart.

"Meetcast.com makes real-time online collaboration easy. There are no downloads, everything is completely in the browser and conferences can be created and joined with a single click."

The product is the same.

You can't just take the assets of the company and give them to another. I think that would require some kind of asset transfer or purchase, which could involve the preferred stock holders. That's just a guess.

No, TechCrunch somehow misunderstood what was going on. It's the same company, and the same project.

This is the same project and we are still YC '08. The TC article is erroneous due to some confusion with the re-branding.

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