>Believe it or not, the YC partners and leadership are actually better judges of ability than the market. It could never work otherwise. Not quite. Many of the

>Believe it or not, the YC partners and leadership are actually better judges of ability than the market. It could never work otherwise. Not quite. Many of the best startups choose to apply to YC because of this perception that YC is so good. Startups are not like stocks, investing in them is not something you can just click a button to do. So regular 'beat the market' reasoning doesn't apply. Once a place is considered a great place to take good ideas, a relatively stupid person can pick between them pretty easily and get a good outcome. Because so many good companies think to apply to YC, YC has a pretty good success rate, thus perpetuating the idea that YC is so good.