What does "LP" mean? Does that mean an investment deal or advising deal?
How do you guys manage 40 startups in one batch? I am quite excited to read about them when they launch.
How do you guys manage 40 startups in one batch? I am quite excited to read about them when they launch.
LPs are basically the investors in YC who remain mostly silent as to the operations of the firm. They participate in the proceeds and receive limited liability from the affairs of the business. Sequoia invested in YC, just as YC invests in startups.
Practice. We could never have done that when we started, but after 5 years of gradual refinement, plus hiring more people, we do a better job for the current 43 than we did for the initial 8.