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I think that it is more the fact that the prize is specifically for the children of the people who have, at this point, $20k+ to contribute to a perfectly valid

I think that it is more the fact that the prize is specifically for the children of the people who have, at this point, $20k+ to contribute to a perfectly valid cause. It would be another matter entirely if it were some adult buying access to a YC dinner. It is not. The gut reaction is that some rich kid gets to build his/her Rolodex because he/she hit the sperm lottery. In my opinion, it just seems like the antithesis of what YC is all about, which is (as far as I can tell), "who are you, what have you built, and why are you so good at what you do."

michaelochurch 13y ago
The gut reaction is that some rich kid gets to build his/her Rolodex because he/she hit the sperm lottery. In my opinion, it just seems like the antithesis of what YC is all about, which is (as far as I can tell), "who are you, what have you built, and why are you so good at what you do." Bingo. Now, it's a huge topological stretch to argue that attending the YC dinner is really going to set a kid for life. More likely, he'll make a jackass of himself and that will be the end of that. However, it's the statement, the impression, and the direction that's getting everyone riled up. The reason people dislike VCs is that they give resources to people who need them the least. They'd be more respected if they were pouring their efforts (at least in terms of time and mentorship; as they are businesses, they shouldn't be funding nonviable candidates) into projects and people who could actually use the help. No one likes a fairweather friend.