The New Deal
I can't help thinking that this seems a little bit unfair.  While there's a nominal out for "exceptional cases", it seems to me that a company like Stripe deserves a much higher valuation than a company like Tarsnap... not to mention the difference between companies which are joining YC after they're already established and companies which are merely a twinkle in their founders' eyes.What exactly is the problem being solved by having a standard deal which almost everybody gets?