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yc has time and effort to lose in addition to money. not the end of the world, but they do have a limited amount of those. i agree yc has less to lose than a bi
by xlnt 19y ago
yc has time and effort to lose in addition to money. not the end of the world, but they do have a limited amount of those. i agree yc has less to lose than a big VC investing other people's money, but it does matter to them whether they are making good funding choices or not.
- lisper 19y agoThe point is that whatever YC loses, it's theirs and not someone else's. They do not have a fiduciary duty to anyone but themselves. This significantly changes their risk posture. It's not just a semantic quibble.
- xlnt 19y agoYes I agree with that, I was just pointing out that they invest more than the $15,000 per company.