I think that's a misunderstanding of the YC / Sequoia relationship. YC raises from Sequoia just like a VC raises from their limited partners. What you're desc

I think that's a misunderstanding of the YC / Sequoia relationship. YC raises from Sequoia just like a VC raises from their limited partners. What you're describing sounds more like if YC were doing a syndicate seed investment with Sequoia, which isn't the way the deal works.