You've touched on an important point, and it's related to a fund's investment profile. Every fund has one, and Astia's and YC's profiles are very different. I

You've touched on an important point, and it's related to a fund's investment profile. Every fund has one, and Astia's and YC's profiles are very different. It's not really fair to make apples-to-apples comparisons between two funds with different profiles. YCombinator largely funds "toy apps". I mean that not in a bad way, but in a "the next big thing always starts out looking like a toy" kind of way. Every successful fund is managed by partners who make very conscious decisions about the kind of companies they will fund and the kinds of returns they might expect to get - YC is no exception.