Something about this article didn't sit well with me (as with others, judging from the comments). It felt awfully like "Too many YC companies are out there look

Something about this article didn't sit well with me (as with others, judging from the comments). It felt awfully like "Too many YC companies are out there looking for that $300-400K, but not enough takers, so the VC system sucks" kind of argument. To turn it around (and to be the devil's advocate), perhaps too many YC companies aren't finding takers because the investors don't feel confident - for whatever reason - like the looming downturn or that they are in too small a niche or they will find it difficult to find independent traction against more well-endowed players or whatever? What percentage of YC companies launched till date (launched means the initial YC funding is exhausted) that haven't found angels or VCs? That would prove instructive. Contrary to what you may heard, while it may be good to start in the middle of a downturn, it is no fun to try to last through a downturn if you are "pre-revenue" and have no investors.