I agree with all the other criticisms of the article in the comments, but I think there's an important point that the article failed to make. From what I can t

I agree with all the other criticisms of the article in the comments, but I think there's an important point that the article failed to make. From what I can tell, YCs seed model has proved hugely lucrative to partners and investors. It is currently seeking to massively expand the capital it deploys. The difficulty of getting good returns on a venture fund increases dramatically once fund sizes go from ~$300-400 to $1B, and above that there are just a handful of funds with enough data to know how they performed If Dropbox / Airbnb / stripe can support $10-20B+ valuations in the public markets, that makes the returns math for the new, bigger YC a lot easier. If not, then maybe there's a ceiling to how big YC can get under its current model