Paul Graham backs companies that fit into the Paul Graham philosophy. This probably causes YCombinator to miss the majority of possibly profitable investments.

Paul Graham backs companies that fit into the Paul Graham philosophy. This probably causes YCombinator to miss the majority of possibly profitable investments. I am not criticizing YC here, they are only looking for a few dozen startups each year so it is fine if they miss most of the good ones. However, there is room for several YC clones, perhaps run by other successful founders, that invest with a different worldview than Paul Graham.