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A comment on Some thoughts on my first YC Demo Day. Parent comment
You thought YC was comparable to a university
> This is why LP's throw money at YC's funds
Yeah, we know hedge funds that throw money at things usually beat the SP500.
> It is very apparent after many many group office hours, which startups are likely to be in the 6% unicorn group and which are not
Group office hours and not actual revenue. Proving my point!
> However this does not preclude that the mean of YC outcomes is very very good
It absolutely does, lmao.
> If Bill Gates were in a room with me and my friends the MEAN net worth would be tens of billions of dollars, the median would be less than a $100k.
Yes, one person being successful, the rest failures would skew the results! Way to prove the point I'm making, lmao.
You thought YC was comparable to a university
> This is why LP's throw money at YC's funds
Yeah, we know hedge funds that throw money at things usually beat the SP500.
> It is very apparent after many many group office hours, which startups are likely to be in the 6% unicorn group and which are not
Group office hours and not actual revenue. Proving my point!
> However this does not preclude that the mean of YC outcomes is very very good
It absolutely does, lmao.
> If Bill Gates were in a room with me and my friends the MEAN net worth would be tens of billions of dollars, the median would be less than a $100k.
Yes, one person being successful, the rest failures would skew the results! Way to prove the point I'm making, lmao.