Ok, so I did some quick numbers on performance. It looks like the first batch was in 2005, meaning ycombinator has been at this for 10 years. Have they always funded with 120k? Assuming that (and not present valuing the older money):
Total Investment: ~$131,600,000
Total Companies Value: >$65,000,000,000
YCombinator's 7% Value: $4,550,000,000
Total Return: 3357%
Annualized Return: 42.5%
Obviously, it costs more than the initial investment, but these are really nice numbers if compared to a mutual fund, etc. Did I make any mistaken assumptions?
Total Investment: ~$131,600,000 Total Companies Value: >$65,000,000,000 YCombinator's 7% Value: $4,550,000,000 Total Return: 3357% Annualized Return: 42.5%
Obviously, it costs more than the initial investment, but these are really nice numbers if compared to a mutual fund, etc. Did I make any mistaken assumptions?