What’s the best way to use crowfunding platforms?

Sam Altman (President at Y Combinator)
The separation of advice and money – Sam Altman

On the positive side, founders may end up with less total dilution and get to choose whatever advisors they want [with funding platforms]. On the negative side, advisors probably wont work quite as hard for a company that they don’t have a lot of capital invested in.

What’s the best way to structure your board?

Sam Altman (President at Y Combinator)
Board Members – Sam Altman

Personally, I think the ideal board structure for most early-stage companies is a 5-member board with 2 founders, 2 investors, and one outsider. I think a 4-member board with 2 founders, 1 investor and 1 outsider is also good (in practice, the even number is almost never a problem).

What’s the best way to sell the right amount of equity in your fundraising round?

Sam Altman (President at Y Combinator)
Fundraising Advice for YC Companies – Y Combinator Posthaven

You should aim to sell only about 20% of the company in your seed round (though 25% is ok if you’re raising a ‘large’–say more than $2. 5 million–seed round). You should raise enough money to get to your next significant milestone.

What’s the best way to scale your organization?

Sam Altman (President at Y Combinator)
Startup Advice – Sam Altman

Here is some of the best startup advice I’ve heard or given (mostly heard): (a) Make something people want and (b) A great team and a great market are both critically important—you have to have both. The debate about which is more important is silly.

What’s the best way to raise money?

Sam Altman (President at Y Combinator)
Fundraising Advice for YC Companies – Y Combinator Posthaven

You should care more about good investors than good valuations. Talk to the founders of the companies that investor has funded (especially in cases when the companies haven’t worked out). You should insist on clean terms (in practice, offering messy terms is a sign of being a bad investor).

What’s the best way to raise money?

Sam Altman (President at Y Combinator)
Fundraising Advice for YC Companies – Y Combinator Posthaven

It’s important to articulate why the company will eventually be in a strategically valuable position (i. e. a monopoly). It’s important to articulate your mission. Don’t be arrogant–this is a tactic that somehow does manage to work for fundraising some of the time for some founders, but most of the time it doesn’t.