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Hmm, legal question here, since I don't know exactly how this deal is arranged. Is this a fund in the traditional angel/vc model, or do they just now own a chun
by mattmaroon 18y ago
Hmm, legal question here, since I don't know exactly how this deal is arranged. Is this a fund in the traditional angel/vc model, or do they just now own a chunk of Y Combinator? And if so, do they therefore own a small chunk of past YC companies still in the portfolio?
If so, it would seem my startup is now partially owned by some of the many angels and VCs who turned us down, which will really kill some of my revenge fantasies :)
- chiffonade 18y agoThe article states this is a third fund owned by Sequoia and managed by YC. More than likely some of Sequoia's investors got intrigued and wanted to get into the YC game, but didn't feel like taking their money elsewhere because Sequoia has been good to them. Best of both worlds.
- mattmaroon 18y agoIt was more of a joke than a serious question.