[ploggingdev]

> How does YC feel about companies who don’t want to raise VC after the program?

Very interesting answer to this question. How does this work in practice? If a company decides against raising VC, what happens to YC's 7% stake? Profit sharing? Does the company buy back the 7%? Or does YC only see returns when there's a liquidity event?

Zapier was mentioned as an example of such a company. It raised a seed round and then decided against raising further rounds. In this case, how do the VCs see returns?

[mwseibel]

We don’t have to make money on every investment. In fact we only make money on very few. Which is fine by us.