[JumpCrisscross]

Do we have empirical data that YC doesn't get most of its returns from incremental exits? I thought that the hallmark of the YC model was its diversification along the long tail of founders, freeing it from the 10-bagger trap of traditional VC.

[acgourley]

Yes - http://www.quora.com/Y-Combinator/Which-are-the-most-success... (cliff notes: airbnb / dropbox are the bulk of returns)

[herval]

given neither dropbox nor airbnb was sold yet, would they classify as "returns" yet? It seems more like unrealized profit to me...