4 ms·
This is far from a definitive answer, but I haven't heard of YCombinator investing in any Series A rounds. Dilution is part of the game, and is generally a goo
by photon_off 16y ago
This is far from a definitive answer, but I haven't heard of YCombinator investing in any Series A rounds. Dilution is part of the game, and is generally a good thing. Further investment generally boosts the value of a company making YC and any previous investors' investments already a win... on paper at least.
For a list of most, if not all, the companies YC has invested in take a look here: http://www.crunchbase.com/company/y-combinator http://www.crunchbase.com/company/y-combinator and see if you can find any that aren't listed as "Angel" investments.
- joshu 16y agoprorata shares of later rounds are important for two reasons 1) a vc's LPs want them to get and maintain a certain percentage of ownership and 2) down rounds are very painful from a dilution pov so the prorata really helps there if you're only interested in absolute return, then dilution doesn't matter, only the value increase. not that you asked, but as an angel myself i generally don't take my prorata - the startups that aren't doing that well, i don't want it, and the ones that are doing very well, i can't afford. also, the risk tradeoff (do i want to invest a marginal dollar in a new startup or to invest it in another startup? i want to intelligently maximize risk, i think.)