Jose and I typically invest in a copy only if the original model has reached $100 million in revenues and is profitable or on the path to profitability. Increasingly companies that have just raised seed money are being copied.
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ZenPayroll raises YC's largest seed round from the Mt. Rushmore of Valley entrepreneurs - 1 views
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, ZenPayroll is taking on the enormous and incredibly complicated challenge of bringing payroll services into the modern era with an automated cloud solution
Fabrice Grinda: Musings of an Entrepreneur » And then there were a 100… - 0 views
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We don’t take simultaneous business model and market risk
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mostly investing in priced rounds with pre-money valuations between $1 and $3 million, has allowed us to be successful on the majority of our exits – even when they were for less than $10 million
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Zombie Startups | Danielle Morrill - 0 views
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"The biggest problem we see with early stage companies coming out of YC, or really any program, is that they'll approach a year or two after they've graduated to raise a seed round. It's exciting to see they're still alive and pursuing their vision, but then we ask about the growth of the team and the ways they've been capturing the opportunity of the business in the time they've had… and discover everything is the same. The same 2 or 3 people, the exact same idea, very little growth around key metrics like engagement or revenue. So why should try raise a series A? What have they proved?"
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