Comment on Startup School And Survivor BiasparentComments−nico13yI don't know the details of YC's investments, but usually investors get diluted on each successive round, which means that YC probably doesn't own 7% of AirBnB, but much less than that.−drusenko13yThey could own 1/10th of that and still be profitable based on a single company, and it's extremely unusual to see 90% dilution.So while you're technically correct that they don't own 7%, it's unlikely to matter in this example.
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I don't know the details of YC's investments, but usually investors get diluted on each successive round, which means that YC probably doesn't own 7% of AirBnB, but much less than that.
They could own 1/10th of that and still be profitable based on a single company, and it's extremely unusual to see 90% dilution.
So while you're technically correct that they don't own 7%, it's unlikely to matter in this example.