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I think there's something much simpler going on. If YC's track record has been pretty good (or at least, better than average), then Yuri Milner now has a pre-

I think there's something much simpler going on. If YC's track record has been pretty good (or at least, better than average), then Yuri Milner now has a pre-vetted list of companies in which to invest, without having to do any research at all. The simplicity of the strategy is actually pretty brilliant.

erik_landerholm 16y ago
This is what everyone should take away from this. What he is really saying is the diligence and track record of YC is good enough that he doesn't need to do any more diligence himself. If that isn't the highest level endorsement possible I don't know what is.