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Yeah, it's hard. But sustaining that is how you get the next Facebook.
by cwp 4y ago
Yeah, it's hard. But sustaining that is how you get the next Facebook.
- 0xbadcafebee 4y agoSo YC is mostly just for unicorns?
- simantel 4y agoYeah, the entire venture capital model is based on outlier outcomes. They don't want 2x or even 10x returns, they want 1000x returns on the outliers, so in aggregate they can hopefully 5-10x the fund overall.