Agree, YC is a company. Instead of owning 100% of IP and products being developed, it owns 7% of it. More thoughts here (from 2016): [0], also in comparison to Alphabet.
Rather a platform, isn't it? Matches founders with VC for a stake of 7% as fee.
Platforms thrive if you match supply and demand in a highly relevant way, and once they thrive, they generate network effects.
So PG & Jessica were sort of the equivalent of the seller terms and conditions on the Amazon marketplace platform haha. They were able to spot and shape promising founding teams.
Platforms thrive if you match supply and demand in a highly relevant way, and once they thrive, they generate network effects.
So PG & Jessica were sort of the equivalent of the seller terms and conditions on the Amazon marketplace platform haha. They were able to spot and shape promising founding teams.