ASK PG/HN: Questions before interview for S11 batch: Part 2

How do you decide how much equity you would expect for YC's investment? I was on wompt and conovore the other day when all of this was going down and people were sharing their startups and many seemed very far along.

They way I see it YC adds the following value:

1. Operational Help (incorporation, UX, UI etc)

2. Strategic Advise (PG/JL/HT and others)

3. Cohort Batch

4. Alumni Network

5. Demo Day and Access to Investors

Anything I am missing? Thanks.