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I would love to know exactly what the financial arrangements are with YC "partners". Obviously they aren't all created equal. Curious what the upside is and how
by larrys 12y ago
I would love to know exactly what the financial arrangements are with YC "partners". Obviously they aren't all created equal. Curious what the upside is and how it compares to traditional partner arrangements in law, accounting or investment banking. [1] Nobody is given the title of partner in a law firm or accounting firm in a similar way.
[1] Or for that matter, VC's.
- drifkin 12y agoSam talked about this briefly in his AMA here: https://news.ycombinator.com/item?id=9239677 https://news.ycombinator.com/item?id=9239677
- larrys 12y agoWow amazing. That means that as new partners are brought on board if the pie doesn't increase or the benefit isn't there (to the rest) you in theory incumbents end up with less. So now some follow up questions. What happens to partners if they don't add value after being added? Has that ever happened and what would be the game plan? And is there a road map and timeline that specifies in advance how many partners they may add? Do they all vote on the partners and are all votes likewise equal?