81–90 of 199 posts
Every YC batch should have at least 1-2 big wins. They're betting that it's more important not to miss out on those than to save a little money trying to pick the winners. A great strategy if you can afford it.
> Every YC batch should have at least 1-2 big wins. Can you quantify a big win?
I don't believe that's been borne out yet.
This turn YC into a market index. The payment pg and company receive for this service is the increased negotiation power in the deals they fund. Theoretically this makes entire YC batches without a single dollar invested by YC itself possible.
Earlier quoted context omitted.
> Every YC batch should have at least 1-2 big wins. Can you quantify a big win?
Heroku.
So either the homeruns have to be further out of the park than Heroku or (as is likely) the median return needs to keep things in balance a bit more.
Web startups are now rock bands, and YC is the record label.
%cough% There is more to the startup world than just "web" startups, ya know. %cough% And YC don't limit themselves to just web startups, or even just to software companies, according to the FAQ. [1] [1]: http://ycombinator.com/faq.html
Earlier quoted context omitted.
Heroku.
Actually, if we assume that Heroku's post-money valuation in their first round of financing was $10m (reasonable since they raised $3m) and that they took a 30% dillution hit each time, this would have returned $2.88m to someone that got in on these terms, or not even enough to cover the investments for that batch. So either the homeruns have to be further out of the park than Heroku or (as is likely) the median retu…