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I don't mean to sound rude, but honestly, if this was the team's original idea for YC, then either the two co-founders are extremely qualified and talented, or

I don't mean to sound rude, but honestly, if this was the team's original idea for YC, then either the two co-founders are extremely qualified and talented, or YC has begun funding moonshots in the dark. It doesn't take much thinking to easily conclude that it's a bad deal for devs.

lelanthran 4y ago
In one of PGs essays he outright said that VCs don't fund ideas, they fund people. IOW, they decide whether the founders pitching them an idea are going to generate a return, not whether the idea being pitched will generate a return.