" ... but a source tells us “Altman wants a piece of every billion dollar company, every unicorn.” "
Just thinking aloud here so bear with me. In time, no-one will remember how much of the company YC took. Just that YC was an investor. If this plays out, then YC gains access to the people that built those companies and has them taking part in the sessions where others are just starting out. In other words, this kind of play might just be a long term investment.
Overall, if there's a company that gets very successful outside the YC umbrella, this is a way to bring them into the fold (assuming the founders can be persuaded to give up the time).
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I found the following interesting:
" ... but a source tells us “Altman wants a piece of every billion dollar company, every unicorn.” "
Just thinking aloud here so bear with me. In time, no-one will remember how much of the company YC took. Just that YC was an investor. If this plays out, then YC gains access to the people that built those companies and has them taking part in the sessions where others are just starting out. In other words, this kind of play might just be a long term investment.
Overall, if there's a company that gets very successful outside the YC umbrella, this is a way to bring them into the fold (assuming the founders can be persuaded to give up the time).