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No, we don't invest in later rounds. Partly because you can't do that without harming the reputations of the companies you don't invest in, and partly because
by pg 15y ago
No, we don't invest in later rounds. Partly because you can't do that without harming the reputations of the companies you don't invest in, and partly because we'd rather fund a new startup than put more into an existing one. I.e. we'd rather expand breadthwise than depthwise.
- nodesocket 15y agoMakes sense, do you have an average figure of the companies that have exited, what the YC percentage ownership is when the exit event occurs?
- pg 15y agoWe assume that in the biggest exits (which dominate the returns) we'll be about 3x diluted.