> YC does that because it's in its business interests to do it and because it's good for the world.
YC does it because if you're successful they get to be a landlord over 7% of your company in perpetuity. If it was for the good of the world they'd let their equity expire eventually, or only keep a minimal perpetual part that went straight into funding new YC companies.
YC does it because if you're successful they get to be a landlord over 7% of your company in perpetuity. If it was for the good of the world they'd let their equity expire eventually, or only keep a minimal perpetual part that went straight into funding new YC companies.