I'm astonished that angels would put in $50K at a $2M valuation for a first-time... | Hacker News

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sachinag on April 30, 2009 | parent | context | favorite | on: YC Terms are Poor

I'm astonished that angels would put in $50K at a $2M valuation for a first-time team with a working prototype. That valuation seems waaaay too high to me.

pg on April 30, 2009 | [–]

Yeah, that was another wrong assumption. In this market, probably only around a third of YC-funded startups could get a $2m valuation after YC, let alone before.

jon_dahl on April 30, 2009 | [–]

FWIW, I've seen it happen more than once, and I haven't seen a lot of investment deals.

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