Wow, what a great experiment. How can Quora employees get involved?
What percentage of the company does YC get? Did you even make an investment? Given their huge fundraising and valuation, getting even 1% and giving them around $100K both seem odd.
Hasn't the premise of YC --since the beginning-- been to explicitly state the investment amount and percentage? This move feels like dilution of both purpose and brand.
Exceptions don't change how open they are. Companies as successful as Quora joining YC is great for YC and the alumni.
The main reason I'm interested in the ownership amount is that other companies applying to YC should understand whether their valuation at a recent round is fair for YC to get, or if even Quora thought 7% is worth it.
If I were to apply to YC with my startup YesGraph (which took a large seed a year ago), this would be a really important question, especially considering I'm an alum and already how everything else works.
What percentage of the company does YC get? Did you even make an investment? Given their huge fundraising and valuation, getting even 1% and giving them around $100K both seem odd.