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Happy birthday YC & Co. Been a fan since it was publicly announced. And not to take anything away from YC's effort but I find it rather amusing that first time
by staunch 15y ago
Happy birthday YC & Co. Been a fan since it was publicly announced.
And not to take anything away from YC's effort but I find it rather amusing that first time some good hackers take their turn at improving the VC industry they transform it and become (arguably) the most successful investors in it.
I wish more people would try to improve the VC industry. There's at least a few YC-level waves that could occur. AngelList the best example.
- DilipJ 15y agowhat I wonder is if/when YC will start to take institutional money....that's what's going to take YC up to upper caliber of VC funds.
- karamdeep 15y agosequoia is already an investor
- DilipJ 15y agono, I meant like direct to institutions like pension funds. why would a pension fund give money to Sequoia, and then have them give it to YC? that's an unnecessary management fee the pension funds have to pay
- nl 15y agoBecause the pension funds want to invest such huge amounts of money that I suspect Y Combinator wouldn't know what to do with it. If a pension fund wanted to invest $250m in YC, they'd have to scale up by so much I doubt it would work the same.
- DilipJ 15y agoso are you saying there is an upper limit to entrepreneurship? I don't think so. I wonder if pg has written anything about this, if there is some point of diminishing returns in the lean startup scene
- vecter 15y agoI think there's an upper limit to the quality of entrepreneurial mentorship you can give, mostly as a function of (1) the mentors and (2) the mentor-entrepreneur ratio. Right now, YC invests in roughly $20k/company * 60 companies/batch * 2 batches/year = $2.4M per year. If they were forced to invest 50-100x that in a year, it'd be really hard to find 50-100x more mentors on the same level as the existing ones.