> That 6% you don’t give up could wind up being a big chunk of your holdings-- maybe even the only thing you're left with. I've not seen a YC termsheet but thi

> That 6% you don’t give up could wind up being a big chunk of your holdings-- maybe even the only thing you're left with. I've not seen a YC termsheet but this seems really unlikely since YC basically gets founders stock and get diluted along with the founders. The 94:6 ratio should normally be maintained through funding rounds. It follows that if the founders are left with nothing, they would have been 6.4% richer without YC. 1.064 * nothing = nothing.