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A comment on I am a statistician and I buy lottery tickets. Parent comment

Re:I am a statistician and I buy lottery tickets by nikete on Monday May 07, 2012 @08:06AM (#3938629)
The mean YC startup about a year ago [1] $22.4 million, let us assume 3 founds on average and 3 years of work, and that they hold 1/3 of the value, and you get an average return well north of 500k a year per founder.

[1]http://ycombinator.com/nums.html

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Re:I am a statistician and I buy lottery tickets by AndrewDucker on Monday May 07, 2012 @08:28AM (#3938689)
That's of the ones that got funded, of course.

And most of that money doesn't actually go to the founders - YC owns a chunk of them, and so do other investors (as PG says, 94% of them get funding from elsewhere too).

Interesting stats though, thanks!

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