I am not saying the companies in aggregate don’t lead to successful outcomes for VCs. I am saying claiming Dropbox is a shining example of a “successful” company that HN was wrong about long term doesn’t jibe with reality.
They also didn’t have the massive fixed cost outlays nor did they have negative unit economics that OpenAI has.
When there's real money to be made investing in YC is off limits to the public: https://jaredheyman.medium.com/on-the-176-annual-return-of-a...