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by jiggy2011 4422 days ago
Doing the math on that (assuming 8 hour workday 5 days a week, 52 weeks per year) comes to around $9M per year per partner which does seem high to me but I don't know YCs numbers overall.

It makes more sense if you assume that most of their candidates come from within the US and a large % from much closer to YC HQ (Stanford?) so they will pay out significantly less in travel expenses on average.

The only other option would be to give those travelling from further afield longer interviews to pitch their startup which could be seen as unfair.

1 comments

I get closer to $4.6M/yr per partner. $150068552/4 (there are 4 partners in an interview)

Still seems high, but then you have to take into account that their work is very cyclical in that a lot of important decisions need to be made in this time period.

I do not think it's just 10 minutes. It's technically impossible to interview 8*6=48 teams a day (10 minutes a team for 8 hours). I think realistic number is 15-20 teams/day because they also need to discuss each team and come to the decision. It means 2-2.5m per partner which is reasonable compensation for highly talented people.
I did the calculation based on 3 partners for some reason. There's probably a limit to how much time any one partner can spend evaluating startups in a given week without burnout too.