Its more incredible to me that YC would be so interested in the business prospects of new graduates that they would process-ize a system to invest in them. That

Its more incredible to me that YC would be so interested in the business prospects of new graduates that they would process-ize a system to invest in them. That's not to say that new graduates can't create successful businesses, but they're certainly more rare than experienced founders given the strongest signal for the success of a very young business is the past success of the founders. But, also, maybe YC just knows that 95% of these investments won't yield huge returns, $150k is pennies, they like the PR, and maybe 1 or 2 of them will actually go big and make it worth it.