>> put more money in sure winners and don't fund anybody else That is not their business model. Their model is to take a small fraction of the company for a sm

>> put more money in sure winners and don't fund anybody else That is not their business model. Their model is to take a small fraction of the company for a small amount of money, and then help them succeed. >> There can be only two explanations to this: either they're getting worse and worse, and are spreading their bets; or, they're getting better and better and can afford to offer their services to more and more companies. So far YC has a fantastic return on investment. I imagine that their returns are the envy of many conventional VC firms. They invest so little per company that they can afford to invest in every company where the expected return on investment exceeds the amount invested. As they become better known, they get more and more qualified applicants, and thus the number of bets that they make should be expected to increase over time.