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by tim333 3261 days ago
> get rubes to work for pitiful amounts of money

The typical founders are grads of top universities and on average end up worth several million from the YC thing.

(2015 stats - value of YC startups, 65bn, number 940 so valuation / startup $69m. say 1/3 stays with the founders and there are 2 on average that's $11m/founder)