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YC owns a tiny tiny piece of AirBnB. They definitely do not have any sort of power over the issues that you bring up.
by harryh 7y ago
YC owns a tiny tiny piece of AirBnB. They definitely do not have any sort of power over the issues that you bring up.
- moron4hire 7y agoI would say that YC has a relatively large cultural impact, given its investment size. People outside of SV barely even know who Sequoia is, let alone care about who they fund. But a lot of people know about YC and what they are doing. While financially, YC pulling funding wouldn't have a big impact, culturally it'd be a huge bomb.
- maxerickson 7y agoThey likely do have the power to disassociate themselves from Airbnb though. (Like, I don't think that Y Combinator owes me anything or gives a shit about what I think or whatever, I just think "they are a minority owner" is weak sauce)
- goatinaboat 7y agoThe value of YC as an investor is not the cash they offer but the advice and guidance. As such their influence is disproportionate to their investment.
- harryh 7y agoMaybe back with AirBnB was just getting started. But not anymore.