4 ms·
One trick pony? They have created 5-10% of all unicorns in existence
by ldjkfkdsjnv 3y ago
One trick pony? They have created 5-10% of all unicorns in existence
- jabradoodle 3y agoSource?
- officialchicken 3y agoBe honest about winner's bias... there are a lot of dead horses in their graveyard too.
- vikramkr 3y agoThey lose less money on the losers than they make on the winners. The whole game is about maximizing the number of wins, not necessarily percentage.
- coffeebeqn 3y agoThat’s literally the VC business model?
- dehrmann 3y agoThis can still be true with the original point. There might be a certain type of startup they're very good a nurturing, but not others.
- 7e 3y agoHuh? The founders created these companies. YC just convinced these founders to give away a big share of their companies for almost nothing, in return for cult lulz. Accelerators are exploitative.
- asah 3y agostrong language, but there's a mathematical proof against: - company X raises at $Y valuation before YC - company X raises at $Z valuation after YC - if Z / Y > YC dilution then YC is a good value Z/Y > dilution in virtually all cases. Sorry, but life isn't fair.