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8.25 million / 20 K per startup = 412.5 startups!
by johnrob 16y ago
8.25 million / 20 K per startup = 412.5 startups!
- pg 16y agoSadly, you are forgetting our operating expenses. We calculate it will fund around 240.
- kapitti 16y agoThat's a pretty steep management fee.
- pg 16y agoAs a percentage, but not as an absolute number. YC is actually run very cheaply, but the amounts we invest are so small that any expenses seem high in comparison.
- zhyder 16y agoCan you share what these variable (i.e. per-startup) operating expenses are?
- breck 16y agoI don't know the details but from my observations they are: - Office space - Legal fees - Events (demo days, etc., are catered) - Salaries - Weekly food costs I actually thought the operating costs would be slightly higher. The office is a comfortable space and the food is great(IMO, others might disagree :) ), the events are always well done, you'd expect the legal fees to be high, not to mention how much time everyone at YC puts in.
- zhyder 16y agoAre those all per startup? I assume office space, legal fees and salaries refer to YC and not its startups (e.g. YC's legal fees, not the startups' legal fees). Food would be per startup of course.
- jedc 16y agoIt's my understanding YC does the incorporation paperwork for the vast majority of the startups it funds. So there is a per-startup legal fee for that.