1) What advice would you give to applicants from Brazil and other large countries (India, China, Russia), whose products initially target their local markets?
2) What advice would you give to post-Seed and pre-Series A applicants? When (if at all) would you consider them "too big for YC"?
3) If you select a post Seed startup, would YC invest at their latest valuation, or would it only offer the standard deal, even if it would be a "down round" for current investors?
Heard you are visiting India and know you've been to Mexico not long ago. Ever thought about coming to Brazil? Best regards, Bernardo
2) We have funded companies that have raised more than $10 million, and they've said they still got a lot of value out of YC. If anything, it's usually the existing investors that have a problem with it.
3) Standard deal, BUT we buy common stock, so it doesn't trigger any anti-dilution stuff. Most investors understand that YC is mostly "sweat equity" anyway.
I might come to Brazil for New Years!
My email is bernardo ARROBA redealumni PONTO com
Just out of curiosity; I'm Brazilian too :)
I have some colleagues adventuring in entrepreneurship, but right now I'm a typical 9 to 5 enterprise employee (at http://aec.com.br).