YC Companies - What Happens When You're in an Auction?

Michael Wolraich: YC is like an auction where you can name your own price. He says that's a foreign language to people who have raised around $1 billion in the past. "I got founders messaging me on Slack, Michael, what's going on? And I'm like, oh yeah, now this is just how this is what, nobody told you this is what happened at YC?" he said. 'The friendly people that wanna talk to you are often the most exploitative'