One seems to be a way of throwing some loose change at an idea you think might be neat. The other is a carefully developed way of identifying and assisting pro

One seems to be a way of throwing some loose change at an idea you think might be neat. The other is a carefully developed way of identifying and assisting projects that have a good chance of developing into profitable businesses. Losing sight of the fact that someone has to actually make money from these things at some point is precisely what gives you internet bubbles. From everything I've read about YC it's all about focusing down to build something that someone wants to buy. That's a world away from accepting donations from people who think something cool might come of it.