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navane
Investors here meaning those who bought the stock at IPO.

Given that the stocks went down after the IPO, I'd recon the VCs made as much as they could.

yeknoda
Has anyone tried to see the net value generation of YC. Total revs - costs - money invested, all discounted appropriately. It’s been around long enough that the true net value created can be assessed, without resorting to BS valuations.
re-thc
What investors? Who?

It only matters if Y Combinator lost money for its investors...

No 1 is in it for life. As if an investor is responsible for the periods they're no longer invested in the company...

fullshark
The analysis is based on the assumption that an "investor" is someone that bought a Ycombinator company at IPO and held. Didn't want to change the post title (other than to shrink it).