I’m relatively late to the shenanigans here, but I feel like what you’re describing was inevitable. I couldn’t imagine any group that organizes with the the pr

I’m relatively late to the shenanigans here, but I feel like what you’re describing was inevitable. I couldn’t imagine any group that organizes with the the primary intention of raising lots of money, making lots of money and then redistributing lots of money not eventually attracting lots of “suits” of the MBA sort. The money is stacked way too high. YC has been around for almost twenty years. It may be worth questioning whether a young tech company with altruistic intentions that fit your expectations getting billion dollar loans is a promising scenario. Granted I don’t agree with the outcome or the format, I “get it”. People are trying to get paid. The money is getting too long for banks to just up and disappear overnight.