187 karma · joined January 12, 2012
[ my public key: https://keybase.io/sunilsrivatsa; my proof: https://keybase.io/sunilsrivatsa/sigs/DlfFvze3aC423rZiODw5-tpJt7Af2xrxdhT0Jo9WrYY ]
"If you ever want to take outside investment, you'll want to be a Delaware C corp. It's just standard and investors know how to deal with it. Even Facebook started as something else, but had to reincorporate.
It's not too difficult to fix, but might as well the avoid the problem in the first place." [1]
[1] http://www.quora.com/Y-Combinator/Why-does-Y-Combinator-reco...
http://news.ycombinator.com/item?id=3098756
Additional threads about the same topic:
http://www.businessinsider.com/blackboard
from: http://www.quora.com/CrunchBase/Are-there-any-other-sites-li...
They also list Mashable's Blippr but that appears to be dead. Hope this helps!
Graham tends not to pay too much attention to a candidate or team’s business plan—it’s likely to change during the course of the program anyway. Instead, he zeros in on the character and intelligence of the applicants. After one team’s presentation, Buchheit says that he would use the product. But Graham is skeptical. “Are these guys winners?” he asks. “It’s all about the guys.” The group is not accepted.
from: http://www.wired.com/magazine/2011/05/ff_ycombinator/all/1...