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I imagine YC's share will have been diluted quite a bit, but no doubt it's a great ROI.

It would be intelligent if YC take a non-diluted portion. That is if the startup raise VC money, the YC % don't get diluted and the founders % get diluted a little more.

I doubt that would fit very well with PG's pro-founder ethos.

this would cripple companies in the long run.

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