factual

VC equity share has shrunk over decades

Venture capital has been dwindling in the sense that VCs take smaller and smaller percentages of companies for a given round size — from 50% rounds in the 1980s, to 30% when YC started, down to about 10% today.

factualpending

Speaker

Paul Graham

Evidence Quote

For a given round size, the amount of equity they get is much smaller than they used to.

Source

Paul GrahamConversations with Tyler
Created: 6/12/2026, 4:55:44 PM

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