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Im surprised Asana is still considered a 'startup', especially to the degree that yCombinator is going to invest in, I thought their philosophy was to help grou
by ProAm 11y ago
Im surprised Asana is still considered a 'startup', especially to the degree that yCombinator is going to invest in, I thought their philosophy was to help ground level startups.
- andyeskridge 11y agoIt sounds like Y Combinator is not the one investing, only Sam Altman.
- ProAm 11y agoAh, its a weird blur on his blog when he speaks for himself or for YC. But it makes sense if its just him investing and not YC.
- marcog1 11y agoSam is investing personally, not YC.
- bfwi 11y agoI don't imagine Sam Altman made enough money from the sale of Loopt to lead a $50m round (only guesswork though). Is he somehow leveraged by having raised a fund for "personal investments". The latter would be a really interesting. Maybe @sama himself could answer this, if it's not too personal.
- beeboop 11y agoAsana blog makes it clearer: >Today Asana closed a Series C financing round, raising $50M in new capital. The round was led by Y Combinator president Sam Altman. Sam participated alongside a number of other customers, investors, and leaders for whom we have deep respect. Sam is only part of that $50MM.
- cellis 11y agoI'm sure he's made money as a partner/president of YC, too. Perhaps tens of millions?