“they're not going to end up owning anything. And it's…” — Y Combinator Startup Podcast at 21:15
“they're not going to end up owning anything. And it's going to shut off later stage rounds completely. And these founders, of course, a couple hundred thousand, it wasn't enough. They raised more, they raised more. They came in YC with almost 50% dilution. And it's like from an investor who knows better, but who saw…”
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