I think YC is great. As long as the risk in early stage businesses is misvalued by the market, it doesn't really matter if they hit singles, doubles or home run

I think YC is great. As long as the risk in early stage businesses is misvalued by the market, it doesn't really matter if they hit singles, doubles or home runs. Incidentally, Farmville was not a crazy bet -- the game was a clone of a Chinese casual game called Happy Farm that was seeing insane traction in China. The US innovation was hooking it up to the non-transparent mobile subscription services that Zenga got nailed for later.