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May 12, 2014 01:44 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Tgwgk8TUFBg/
Q: Why Did Quora Join Y Combinator? A: It Was Almost Free
Quora has plenty to learn from Y Combinator about growth and monetization, but it's not giving up the traditional 7% equity share to join the accelerator. Quora CEO Adam D'Angelo tells me "YC invested an amount that was similar to their standard $120k. They invested as part of the Tiger round." That $80 million round valued Quora at $900 million, so the startup only traded away around 0.013%. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/Tgwgk8TUFBg/
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