Screening potentially good projects has a cost. Optimizing this screening should be the focus point. The $150 fee, as well as the connection criteria, is not a

Screening potentially good projects has a cost. Optimizing this screening should be the focus point. The $150 fee, as well as the connection criteria, is not a very good screening filter. It test if the project promoter has $150 to give away and is able to make connections with members of NYA. Does this tell if the project is good ? Would Facebook, in its very early stage, be detected this way ? I doubt it. YC, with its particular and unique project screening process, might have.