I was storming into the thread to say the same thing. The other fantastic part about it is how YC will become madly rich at the cost of the 'gullible young nai

I was storming into the thread to say the same thing. The other fantastic part about it is how YC will become madly rich at the cost of the 'gullible young naive programmers'[sic]. YC takes ~5%, those gullible fools only walk away with 95% which is clearly a horrible ratio compared to traditional VCs.