I think it is just implied that anyone trying to start a seed funding organization has money, because it is very hard to provide funding with no money. And yet

I think it is just implied that anyone trying to start a seed funding organization has money, because it is very hard to provide funding with no money. And yet despite many trying to replicate YC, probably often with more money at the start, nobody has come close. I don’t think the argument was that it was just Paul and Jessica, just that they are the limiting factors.