41–50 of 70 posts
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skipping through that video without sound gives me the impression that this is a video about all thats wrong with the startup scene. Everybody on that stage looks like a complete douche, even the TC guy. I know they probably want to portray a certain image, but gawd...Sunglasses WTF ?
Wow yeah, I'm sure they're brilliant, but they seem like massive douchebags
I'd rather know the sum of the valuations of all 511 companies (with the ones tha closed down valued at zero of course). while I am making wishes, I'd also like to know what percentage of that total valuation is owned by cofounders rather than investors.
The total valuation of those 511 is currently about $11.5 billion. We ourselves don't know the percentage owned by founders. But considering that investors continually complain that YC companies are overpriced, it may be higher than the industry average.
Isn't it almost always going to be the case that the founders got diluted by the same proportion as you did? In which case, based on your comment below of YC being diluted from about 6% to about 3%, presumably the founders (who started out owning almost all the stock) would now be around 50%.
I feel like I must be missing something obvious here.
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The founders on stage at TC Disrupt NYC http://www.youtube.com/watch?v=4NAzQPll7Lo
skipping through that video without sound gives me the impression that this is a video about all thats wrong with the startup scene. Everybody on that stage looks like a complete douche, even the TC guy. I know they probably want to portray a certain image, but gawd...Sunglasses WTF ?
Earlier quoted context omitted.
The total valuation of those 511 is currently about $11.5 billion. We ourselves don't know the percentage owned by founders. But considering that investors continually complain that YC companies are overpriced, it may be higher than the industry average.
We ourselves don't know the percentage owned by founders. Isn't it almost always going to be the case that the founders got diluted by the same proportion as you did? In which case, based on your comment below of YC being diluted from about 6% to about 3%, presumably the founders (who started out owning almost all the stock) would now be around 50%. I feel like I must be missing something obvious here.
After meeting the Rap Genius guys, I'm not at all surprised they were over $40mm valuation.
can u elaborate a little more? i checked out the website, i'm not that impressed about the execution or the idea.
Honestly I felt like he was the first founder I'd met in NYC that wasn't a bullshitter. He was straight forward, and actually helpful.
Those guys have been working on Rap Genius for years and years -- before anyone in the tech industry had heard of it. They made it because they wanted it, and the site grew with the community.
They silently built an internet empire and didn't care about PR stunts or hype until they had REAL traction (because that's the only thing that really matters)... Which is a lot more than I can say for most NYC startups.
Honestly, I think there's so much potential in the idea -- it's a rocketship. If you're an engineer in NYC looking for a job, you should hit them up.
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I'm bad at math, anyone know what's 6% of $11.5 billion? In all seriousness, congratulations pg. You've played your cards very well the past 10 years.
After dilution it will be more like 3%.
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After dilution it will be more like 3%.
So arguably at least one of {pg, pb, etc.} could have made just as much value over the past ~10 years by starting another startup, instead of an YC, if that were the goal. 10 years is probably enough time to try/fail-fast at least 2 and maybe 4 times, each.
The circle jerk never stops, does it? Anyone want to post the visualization of various amounts of cash that front paged a couple months ago? This kind of blind worship of money makes hackers look like wise-guy could-have-been doctors but instead were lazy and decided to make a business around popular markets for some dollars.
No. http://techcrunch.com/2013/05/26/paul-graham-37-y-combinator...
Earlier quoted context omitted.
After dilution it will be more like 3%.
So arguably at least one of {pg, pb, etc.} could have made just as much value over the past ~10 years by starting another startup, instead of an YC, if that were the goal. 10 years is probably enough time to try/fail-fast at least 2 and maybe 4 times, each.