I am a bit confused as to YC's thinking with encouraging a startup like this. What are the revenue opportunities - not necessarily short-term, but even long-te

I am a bit confused as to YC's thinking with encouraging a startup like this. What are the revenue opportunities - not necessarily short-term, but even long-term - like? Do they charge a fee on each investment made? Or do their fees just come from exits? If so, then their cash flows will look even more ridiculous than a regular startup - if you assume they only admit 'early stage' startups for starters to their platform (because I guess that's where the most friction is from a fundraising point of view, and where the more deals are, etc.) then they could go 5 years with no cash flows from those deals? Am I missing something here? If they charge per deal, does the investor pay or do the startups pay (aside from a % of equity)? Edit 1: So I just did some digging through the FAQ [1] on their site and found this, that pretty much answers my questions and now I understand why YC invested. Makes sense. Neither FundersClub Inc. nor any of its employees receive any compensation from the administrative fees or any other transaction-based fees for its single company funds. FundersClub will charge a performance based carried interest for most of its funds, which are expected to provide returns over time. Our immediate goal is to develop a compelling funding platform that will benefit both the most promising startups and investors. Over time, FundersClub has a number of additional ways in which it can make money. FundersClub may operate liquidity services for private companies, including employee liquidity program management for private companies, and eventually a trading platform for private companies that wish to provide ongoing private market liquidity to their shareholders. We may also participate in the investment funds, which can achieve returns for us along with other investors. We will continue to assess the opportunities within regulatory and legal guidelines, and are not providing any of those services currently. [1] - https://fundersclub.com/site/faq/ https://fundersclub.com/site/faq/