I think YC has more of a problem dealing with the bad startups than it does dealing with the successful ones. My opinion from Paul's writing is that his goal is

I think YC has more of a problem dealing with the bad startups than it does dealing with the successful ones. My opinion from Paul's writing is that his goal is to find the AIRbnb's as quickly as possible while relegating things that aren't going to be mammoth. It makes sense when you're playing a volume/numbers game like YC has been doing. Quite the investor lineup; I think they had their choice of anyone in the world to be honest. I like reading PG's stuff because these sort of decisions are counterintuitive, but very fun academic/didactic examples.