Michael Seibel is a partner and the CEO of YC. He cofounded Justin.tv, which was in the winter 2007 batch and Socialcam, which was in the winter 2012 batch. https://twitter.com/mwseibel
In this video Michael comments on his essay Why Does Your Company Deserve More Money? https://blog.ycombinator.com/why-does-your-company-deserve-more-money/
The YC podcast is hosted by Craig Cannon – https://twitter.com/craigcannon
00:00 – Why Does Your Company Deserve More Money
1:00 – A team, a product, and an office are all just a means to an end
2:00 – If you don’t really deserve money, what is an alternate path to create leverage?
3:45 – Breaking even at Justin.tv was a moment of infinite clarity
6:00 – Series A program and leverage