YC adds almost no value. They capture all of the startups that would have been founded anyway (and many that wouldn't, because they are idiotic ideas) and tax t

YC adds almost no value. They capture all of the startups that would have been founded anyway (and many that wouldn't, because they are idiotic ideas) and tax them. Then, inevitably, some of those hit it big and YC takes the credit. Does the doctor that delivered Steve Jobs at the hospital get to claim credit for Apple? They don't. But YC does. They're a doctor that has talked their way into delivering all the babies in the city, and taking a tax on their future income as adults. The average wealth of the entrepreneur is actually maximized by having them go into a career in FAANG and not launching a startup at all--or launching a startup from a stronger position with a real VC that values their company at more than $7M. A $7M valuation in today's tech world is an absolute joke. It's scandalous the exploitation that's going on here.