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From the perspective of people with capital, it doesn't. From the perspective of a loser it sucks because they may or may not have invested significant emotiona

From the perspective of people with capital, it doesn't. From the perspective of a loser it sucks because they may or may not have invested significant emotional, financial, and otherwise non-fungible capital into a future that relied on the success of this venture (and also the people they employed), and I can tell you from personal experience being an underling when this kind of venture collapses really sucks. Maybe not for founders, but for everyone else it definitely does.

pas 2y ago
... but still, they have just about as much chance as the other guys, no? Competition is a given usually anyway. Maybe even in the same batch having very similar companies makes sense -- see the recent rush of YC funded companies that build on whatever OpenAI released -- because different founders/teams can be introduced to different contacts in the YC network.