[SatvikBeri]

I wonder. YC's initial stake is usually <10%, right? Dropbox got $1.2MM right after YCombinator, which to me suggests a high rate of dilution. So let's say YCombinator owns 5% of dropbox. Dropbox is probably worth slightly less than $6bn according to pg's comment that Dropbox + AirBnB are worth about $7.5b. That would value YC's stake in Dropbox at about $300MM.

Of course, this is just a guess-I have no idea how much Dropbox was diluted in their early funding rounds. Even so, Ycombinator's stake probably couldn't be worth more than $600MM if we assume Dropbox is worth $6bn.

[hiddenstage]

I figured that much, but on the market I'm sure someone like Google/Apple/Microsoft would pay a premium to current valuation for 5% of Dropbox.