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Comment by matt1 | Hacker News Reader

Congrats!

Just for my education: say that TechCrunch is correct and they did sell for $15 million and that YC took 6% equity in the company. Does that mean that that YC gets a $900,000 payday too? Or is it more complicated than that?

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This one liquidity event must go a long way to cover all the investments of ycombinator.

They've had quite a few now. I could imagine YC becoming profitable soon if they are not already.

Unless Omnisio got other sources of funding. That also takes taxes out of the picture.

Omnisio only had funding from YC, no other funding rounds.

If Techcrunch is right, Chris Sacca was part of a seed round. http://www.crunchbase.com/company/omnisio

You're right. Also used CrunchBase as a source, didn't see that it was a dual party round.

That's interesting though. Sacca is an Omnisio advisor, and also was the Director of Special Initiatives at Google.

A good example to remember that having on on your side people with the right connections is as valuable as a good product.

Did they have multiple rounds of funding from YC or did they make it this far on the initial money? Seems hard to believe that could tackle the scaling issues with $10K or $15K

http://trends.google.com/websites?q=omnisio.com

Doubt they had any scaling issues with virtually no traffic.

I assume they did an angel round and took tens/hundreds of thousands of dollars. Probably just so that they could afford to pay for salaries and whatever minimal necessities they had.

yeah, the only thing bad about quick sales is short term capital gains :)

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