The reporter is clearly confused about what Y Combinator is. On the other hand, that YC is described as a bi-annual award program speaks to a growing problem t

The reporter is clearly confused about what Y Combinator is. On the other hand, that YC is described as a bi-annual award program speaks to a growing problem that I'm sure PG and Co have to face: admission into YC becomes something to covet for its own sake. I can imagine that people who are in it for the resume padding wouldn't be motivated enough to see their startup through.