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Michael Seibel @mwseibel
, 8 tweets, 1 min read Read on Twitter
Investors in YC companies please remember. When you make extremely non-standard complicated requests, waste founder time, don’t follow handshake deals, take forever to wire money, or otherwise screw around with a YC company during fundraising the following happens:
1) YC Partners are told immediately (we have a WhatsApp group with every single company)
2) It’s written up in the YC investor database for future YC founders to read
3) It’s communicated to YC legal team so that they can advise the company on how to respond
4) It’s often told to fellow batchmates...
It’s a small community. We tell our founders to be polite, respectful of your time, and follow industry best practices. Investors please follow the same advice. We are watching.
And if you see a founder not acting correctly - please email me and I’ll be happy to reach out to them. Michael@ycombinator.com
PS: if you don’t know best practices - here is a guide: blog.ycombinator.com/category/start…
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