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For the first part of your math, YC has spent at least 1.5 million (~300 founders * 5000). Team sizes vary, but if we hold them at 3 members, we get another hal
by cellis 18y ago
For the first part of your math, YC has spent at least 1.5 million (~300 founders * 5000). Team sizes vary, but if we hold them at 3 members, we get another half mil. So by my very back of the envelope calculations they've invested about $2 million.
- gravitycop 18y ago~250 founders of 102 companies: http://www.youtube.com/watch?v=JHlj3xKyChg http://www.youtube.com/watch?v=JHlj3xKyChg We need to add another 100 ghost founders to account for the extra $5,000, so that makes it: ~350 founders x $5,000/founder = ~$1.75 million invested, so far. Y Combinator has (I personally believe, but do not necessarily know to be true) additionally sunk capital investment into: * Beans and rice * A building and associated land in Boston * A building and associated land in Mountain View * Utility bills * Travel expenses * Legal fees (including 102 incorporation-fee packages) * Accounting fees * Misc.
- gravitycop 18y ago~350 founders x $5,000/founder = ~$1.75 million invested, so far. Was there something incorrect, or otherwise objectionable, about this comment?