Garry Tan posted some data recently on performance investing in demo day: https://x.com/garrytan/status/1927946812364574912
These returns outperform the S&P. Maybe these aren’t typical, but it’s pretty far from “you could flip a coin and beat YC”
These returns outperform the S&P. Maybe these aren’t typical, but it’s pretty far from “you could flip a coin and beat YC”
It's an odd metric to choose, which makes me believe it's one of the few positive ones.
Also, as I've said, Ponzi schemes work great for the early people. You give $50k to an unprofitable company and convince someone else to give them $1m. You get your investment back plus a little bit, and you leave someone else holding the bag of an unprofitable company.
> These returns outperform the S&P.
These very specifically chosen returns outperform the S&P :). That's why it's mostly kids that go through YC.