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> 10% had more than $50k of monthly revenue when accepted

Wow!

that's amazing. why would one want to sell off 7% of the company at this point to YC? 50k will handsomely support a good sized team

To be connected with people and resources for reaching $50M

Revenue is not profit. Especially early on, you're probably burning most or all of that just to make the money in the first place.