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by jacquesm 5807 days ago
There are hundreds of thousands (millions?) of web companies, there is one google, and maybe 50 or so (extremely successful) companies where investors from a seed fund had a chance to get in on the bottom rung they way YC wants to have it.

The chances of finding 'the next google' are a lot smaller than what you think they are, but the chances of scoring a really big hit (on the order of 10's of millions in terms of ROI for YC) are pretty good.