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Y combinator by picking companies are in fact the kingmakers and are creating the winners.
How very Silicon Valley of the author to treat these numbers almost like they're profits, or any reasonable sort of "income" at all. The real question is: how much of that money has already been multiplied tenfold, through exits, IPOs or exorbitant profits?
What's interesting is that if 2-3 years ago, ycombinator had the ability to identify and pick winners. I have the impression that in the past year it became the other way around. Y combinator by picking companies are in fact the kingmakers and are creating the winners.
What's interesting is that if 2-3 years ago, ycombinator had the ability to identify and pick winners. I have the impression that in the past year it became the other way around. Y combinator by picking companies are in fact the kingmakers and are creating the winners.
Not too clear about what your last sentence means. Could you please clarify?
Of course, they're still making smart picks. It's just easier for those picks to succeed.
What's interesting is that if 2-3 years ago, ycombinator had the ability to identify and pick winners. I have the impression that in the past year it became the other way around. Y combinator by picking companies are in fact the kingmakers and are creating the winners.
Not too clear about what your last sentence means. Could you please clarify?
_disclaimer:_ I tried getting into YC once but got rejected - but I still think of myself as a winner!
Earlier quoted context omitted.
Not too clear about what your last sentence means. Could you please clarify?
He means that in the past, they made good guesses about which companies would be winners. Now, they have so much clout that merely by picking a company they can make it a winner. Of course, they're still making smart picks. It's just easier for those picks to succeed.
But maybe a more interesting title is how much profit YC companies have made.
It's pretty incredible to think that YC is likely the highest performing venture fund in history. For 380 companies that works out to about $7.6 million invested into a portfolio of companies worth $7.78 billion. Assuming a 2-7% stake for YC(after dilution), that puts the value of YC's share at $155-$545 million on that $7 million invested.