YC still produces great companies at such a high rate that I think it has to somehow be causal.
They obviously have great pattern matching and pick well too, but I think the only way to have such a high hit rate from such early stage companies must be that it changes the odds.
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One of the weird constants about YC is that the disses are always the same. Investors always claim valuations have become impossibly high. Competitors always claim we've jumped the shark because the batch sizes are now too big. Historically both have always been mistaken.
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