Because of the potential liabilities that a misstep may create, creating a Delaware C Corp should be done with the advice of one's attorney and accountant. If their professional advice seems cost prohibitive, there's probably not a sound reason to create a Delaware C Corp.
> creating a Delaware C Corp should be done with the advice of one's attorney and accountant.
Sage advice, I am an attorney myself, and in my prior corporate practice I saw numerous missteps regularly as a result of the relative ease the various Secretaries of State/Division of Corporations make it incorporate.
My question is specific about the capitalization structure (# of Share and par value) of YC companies...More basic: if there is a typical capitalization structure or if there is not that YC companies follow. I would assume it is possible there is a typical structure as the majority of the YC companies are in a similar position at the beginning (i.e. seed funding in the same amount, with the anticipation of quickly raising additional funds at the end). Examples of the exceptions I can think of would be the non-profits that do not have stock and I believe some may come to the table having already raised some funding.
Good Luck.