[KaeseEs]

I see that the equity stake that YC gets is variable from 2-10%, presumably based on valuation. I had thought it was a fixed 7% stake; is this new or had I not noticed it before?

[pg]

It's almost fixed. I think out of 46 startups in the current batch, we asked for less than 7% from maybe 2 of them.

[bfe]

It's been that way for a long time.