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I don't know the details of YC's investments, but usually investors get diluted on each successive round, which means that YC probably doesn't own 7% of AirBnB,
by nico 14y ago
I don't know the details of YC's investments, but usually investors get diluted on each successive round, which means that YC probably doesn't own 7% of AirBnB, but much less than that.
- drusenko 14y agoThey could own 1/10th of that and still be profitable based on a single company, and it's extremely unusual to see 90% dilution. So while you're technically correct that they don't own 7%, it's unlikely to matter in this example.