Comment on How to lose time and moneyparentComments−mlinsey14yThe first couple YC batches were small enough that the money invested was probably a very small portion of what PG/Robert/Trevor earned from Viaweb.For later batches, it had become evident that YC's model was promising, and YC also raised money from outside LP's.−jronkone14yWhat's an LP?−sharadgopal14yLimited Partnershttp://en.wikipedia.org/wiki/Limited_partnership
Comments
The first couple YC batches were small enough that the money invested was probably a very small portion of what PG/Robert/Trevor earned from Viaweb.
For later batches, it had become evident that YC's model was promising, and YC also raised money from outside LP's.
What's an LP?
Limited Partners
http://en.wikipedia.org/wiki/Limited_partnership