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Does this mean YC would make a no-cash investment if the right circumstances arose?

If so, is it safe to assume that YC's target equity position would not differ significantly given to the relatively low value of the cash component vs. mentoring/networking?

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He means they fund every qualified startup that applies; they have plenty of money. If 100 promising startup teams applied, they'd fund all 100 of them.

Indeed, but in certain circumstances where there is no scarcity of cash on either side its relative value declines, hence my question.

Oh please, what nonsense. Your statement doesn't even match up with what pg writes.

Emmett's right.

http://news.ycombinator.com/item?id=120949

No, Emmett is not right because there is no definition of qualified. It is a meaningless statement. The problem with the statement is that it implies that you are not funded you are somehow not qualified. What does that mean?

We'd always offer money. I suppose a startup could refuse to take it. But that would probably mean we'd picked wrong.

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