A lot of people here seem to be calling foul. But whenever I read a list of startups that YCombinator has funded the formula in every case is: Clone of (X) Ta

A lot of people here seem to be calling foul. But whenever I read a list of startups that YCombinator has funded the formula in every case is: Clone of (X) Targeted For Audience (Y) The article is correct about a lot of things. Angel investors (including YC) don't really seem interested in investing in really game changing technology, they're interested in following a trend by buying lotto tickets for a few thousand dollars with the hopes that several will hit medium to large sized jackpots in the shortest possible time frame.