4 ms·
Holy fucking shit. Back of the envelope maths: 6% investment, diluted three (two rounds after seed according to http://www.crunchbase.com/company/dropbox http
by swombat 15y ago
Holy fucking shit.
Back of the envelope maths:
6% investment, diluted three (two rounds after seed according to http://www.crunchbase.com/company/dropbox http://www.crunchbase.com/company/dropbox , plus the current one), that goes down to about 2% (diluted by 30% each time).
2% of $4b is $80m. That's a 4000x return over what, 4 years?
- pchristensen 15y agopg has been on record saying that financially, YC does better if the YC companies go public, not if they sell out early for $XM or $X0M. But he supports those because it benefits the founders, and when founders win, YC wins.
- webwright 15y agoIIRC, YC has pro rata rights... So it's not a foregone conclusion that they were diluted in both rounds. But yeah-- High five, YC!
- jamesshamenski 15y agoThere is nothing being 'returned' to YC. The value of the investment has gone up but that has little to do with an exit.
- javery 15y agoYou don't know that - they could very well have sold some of their shares in this round. (at this valuation why not take a point off the table)