TLDR Tech / Founders
On why you should invest in the most expensive YC startups
A fund that buys into the top slice of YC batches just published what it now reads into your Demo Day valuation cap. If you raised at one, an investor somewhere is running this math on you. The fund looked at 642 companies from the 2021 through 2024 batches. Companies priced above their batch median reached a Series A or beyond 25% of the time, against 8% for those priced below, and shut down at 6% versus 16%. The pattern holds inside each batch and among companies the fund passed on. Median caps went from $15M to $40M between W21 and P26.
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