For technical startups the paperwork for funding & setup can be a daunting part of the process. Open Sourcing it would generate significant goodwill, buzz and

For technical startups the paperwork for funding & setup can be a daunting part of the process. Open Sourcing it would generate significant goodwill, buzz and links. This process is probably an important part of YC's package; another benefit of going with them for seed funding. Perhaps the decision they have to make is "do we hold this tight for XX startups/year or release it and help XX,XXX startups/year?" If YC's service is knowledge/guidance/connections, then this would be "making something people want." Now we just have to convince YC that we're their customers. ;)