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> YC does that because it's in its business interests to do it and because it's good for the world. YC does it because if you're successful they get to be a la
by dataangel 5y ago
> YC does that because it's in its business interests to do it and because it's good for the world.
YC does it because if you're successful they get to be a landlord over 7% of your company in perpetuity. If it was for the good of the world they'd let their equity expire eventually, or only keep a minimal perpetual part that went straight into funding new YC companies.
- dang 5y agoI said 'and', not 'or'.