I hear what you're saying, and that makes sense, but in this case YC has no incentive to "churn and burn" through companies. In fact, given that they _really_ m

I hear what you're saying, and that makes sense, but in this case YC has no incentive to "churn and burn" through companies. In fact, given that they _really_ make their money from multi-billion dollar exits, even a marginal amount of dilution in those companies harms them greatly.