Great points. I think the bigger point is that it's not so much the formula (how long the program is, how much do you invest, is it a seed fund or an incubator,

Great points. I think the bigger point is that it's not so much the formula (how long the program is, how much do you invest, is it a seed fund or an incubator, etc.) as the people who are doing it. I'd travel halway around the world for ten weeks with pg & a bunch of brilliant YC geeks. There aren't many venues that have the same appeal.