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paul
on April 16, 2012
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Is There a Y Combinator Valuation Bubble or Not?
That's part of the "odds that it will be dropbox" calculation. It's also why we invest primarily in founders and not ideas.
eldavido
on April 17, 2012
[–]
Interesting point. I view YC's strategy as playing the central limit theorem -- taking a high-volatility random variable (startup returns) and increasing the sample size until the sample mean tends arbitrarily close to the population mean.
Smart, guys.
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