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pg doesn't describe YC as being worth 5BB, he says the projected value of all startups are in that ballpark. The question was How is YC doing? and the answer se
by zyfo 15y ago
pg doesn't describe YC as being worth 5BB, he says the projected value of all startups are in that ballpark. The question was How is YC doing? and the answer seems to be: pretty damn good. As in they are doing something right, not as in "our valuation is around 5BB".
- redthrowaway 15y agoSorry, my last line wasn't in keeping with the spirit of the rest of my post. I'm not saying YC is or isn't worth 5BB, but rather that that's how they're valuing their portfolio. I don't doubt that valuation, just the utility of the money that's theoretically theirs.