One would think you could put the same amount of cash into just the winners at pretty similar terms. (Apparently, exactly the same terms for series A). This im

One would think you could put the same amount of cash into just the winners at pretty similar terms. (Apparently, exactly the same terms for series A). This implies that simply getting a spot at the table for a Y Combinator Series A has become prohibitively difficult, even for the likes of SV Angel. Am I missing something? How does this work from the investor's side? Or is this just for-profit philanthropy?