Thanks - I clarified it so that it makes clear that this is talking about equity and not cash. The idea is that YC must make a large return on their $120k and

Thanks - I clarified it so that it makes clear that this is talking about equity and not cash. The idea is that YC must make a large return on their $120k and so your $1.6m will end up being worth a lot more than that too - eventually. This is rough because it depends what financing device they use.