4 ms·
13 x $15K is $180K; 2% of 5 Million is 100K this is 6.6X If YC only had 1/3 exit they would earn 2.2X which is surely less than their total cost per investment
by skmurphy 19y ago
13 x $15K is $180K; 2% of 5 Million is 100K this is 6.6X
If YC only had 1/3 exit they would earn 2.2X which is surely less than their total cost per investment
YC looks more like a heavyweight advisor or individual angel than a seed fund in terms of the size of their equity stake.
- wheels 19y agoOops, I accidentally messed up things by a factor of two. Reworking, this means that a YC clone would need to do half as well as YC.