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You're right and maybe its more about providing the YC participants with a vested interest in the overall success of all the YC companies than providing them wi
by jpao79 9y ago
You're right and maybe its more about providing the YC participants with a vested interest in the overall success of all the YC companies than providing them with a guaranteed income for life.
You'd want to size it to provide enough equity to turn the 15,000 participants into active evangelists of the larger network of YC companies than just their own individual startup.
And yes it is expensive. There are definitely significant parallels in that sense to the larger UBI discussion :)
- jacquesm 9y ago> You'd want to size it to provide enough equity to turn the 15,000 people into active evangelists of the larger network of YC companies than just their own individual startup. They already do this, for free. The YC alumni network is a vast resource and a substantial force behind the recruitment of new start-ups.