It used to be $20k for 7%, now it’s basically $120k for 7% with pro rats rights (that’s again a simplification, but it’s close enough for this conversation). I

It used to be $20k for 7%, now it’s basically $120k for 7% with pro rats rights (that’s again a simplification, but it’s close enough for this conversation). I agree that n companies valued at over x isn’t a great metric, except that the number is so huge and the valuation so high that a single company could return the entire amount YC has invested, and what we’re debating is if YC are “kingmakers.” By nearly any possible measure they are.