Can someone explain why this is beneficial to Murdoch or other organisations? Right now if I perform a search for say ‘coronavirus vaccine Australia’ two government sites come up and 10 news sites. If I then click on a news site they can advertise to me and in the case of the guardian ask for donations in the case of Murdoch ask for subscriptions. If they are removed then how my only choice is to go direct to the site of choice. Especially for Murdoch sites that are hard paywalled I don’t get the benefit?
One of the astute comments on this by Terence Lam: Terence Lam
Stage one: invest $25K in 100 startups ($2.5M)
Stage two: pick 20 of them and invest $100K in them ($2M)
Stage three: pick 4 of the 20 and invest $500K ($2M)
Stage four: pick 1 of the 4 and invest $5M in that ($5M)
the "expected" exit value of a startup is different in different stage, and most often this is non-linear: the expected exit value increases quadratically when a startup move from stage one to stage four.
$11.5M invested ;) (ignoring the management fee :p)
Another hidden benefit: startups in stage three or four may "acqu-hire" startups in stage one or two, and the VCs who know and engage with them are the good middlemen here to facilitate the deals.
Yep well thought out response. It’s interesting the level of moderation in defence of of a YC company - I’ll bet they wouldn’t be deleting comments if it wasn’t one of their companies.