My takeaway, the pie chart makes it look like %50 of Y Combinator companies from 05-09 were essentially failures. Either dying or selling for less than $5M. On the upside there were a few home runs which essentially made up most of the fund value. I would like to know how these results compare with those of a traditional VC firm.
In the latest episode of EconTalk Marc Andreesson frequently mentions that half their investments fail. The half that succeed make up for the ones that fail.
It would also be interesting to compare to the first five years (or founding to present if younger) of other startup accelerators that exist, like Techstars or DreamIt.
