YC created a path for 20-year-olds with no work experience to raise money for a company (and sometimes become billionaires). That requires low capital investmen

YC created a path for 20-year-olds with no work experience to raise money for a company (and sometimes become billionaires). That requires low capital investment because the founders are completely unproven. Hardware startups are run by people with work experience in hardware and a career track record, because you need more credibility to justify the higher investment required.