That's very true, but if the YC teams are made up of winners, it's likely that they'd be able to create winners. They'd guide applicants to do what they did.
Plus, they'd have a financial stake in the applicants. One reason the YC teams would be composed of successful startup founders is because successful founders have money to invest, and $15k is pocket change. With that kind of self-sustaining cycle, there is no upper limit! Before you know it, they'll be creating a thousand companies a year. Ten thousand! Imagine that for a moment. Sure, most of them may fail, but if just one in ten succeed with returns of more than ten times their investment then it's a net win. My god.. This might turn into a viable alternate life path for the average Joe. It's hard not to be excited.
Plus, they'd have a financial stake in the applicants. One reason the YC teams would be composed of successful startup founders is because successful founders have money to invest, and $15k is pocket change. With that kind of self-sustaining cycle, there is no upper limit! Before you know it, they'll be creating a thousand companies a year. Ten thousand! Imagine that for a moment. Sure, most of them may fail, but if just one in ten succeed with returns of more than ten times their investment then it's a net win. My god.. This might turn into a viable alternate life path for the average Joe. It's hard not to be excited.
But I shouldn't count chickens before they hatch.