YC Airbnb Investment Returns
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Garry Tan shares a remarkable example of YC's investment returns using Airbnb as an example.
"The craziest thing I'd ever heard was basically the Airbnb round where I think something like under $20,000 became $2 billion in the liquid IPO when Airbnb IPO'd. And YC didn't even take the pro rata then. It's pretty wild honestly - easily could have returned 5 to $7 billion with a good portfolio management strategy."
Garry Tan
President & CEO, Y Combinator
Hi, I'm Garry Tan. I live in San Francisco.
Find me on X at https://x.com/garrytan
I am President and CEO of Y Combinator. I was a partner there from 2011 to 2015.
I started a venture capital fund called Initialized Capital. It has just over $3.2B under management, usually funding folks very early (seed and Series A) often when it is just a few people just starting out.