I agree with all your points. That's why my offer doesn't really compete with YC. In fact, you have to have applied to YC and been turned down in order to be

I agree with all your points. That's why my offer doesn't really compete with YC. In fact, you have to have applied to YC and been turned down in order to be considered for this option. I can't provide the peer-group support and advice that PG does. But, I can hopefully start you down the process (I'm involved with half a dozen local startups, not including my own, and have decent contacts on both the entrepreneurial side and the investment side of the community).