I think he's only making the point that it's relatively easy to bash out something that looks like a product, do a release on several online forums and have a '

I think he's only making the point that it's relatively easy to bash out something that looks like a product, do a release on several online forums and have a 'startup'. It's quite something different to have built a business, that is now ready for hyper-growth; and that's probably where YC can help a great deal. I think seed stage is more loosely defined. Or can you only raise seed capital when you are 2 people hacking in a room on a web app?