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Correct me if I'm wrong, but isn't YC focussing on relatively high-risk ventures in the hope of hitting it big? If they picked a roster of less ambitious projects, but with the same quality of personnel, then surely the failure rate would drop.

I'm not making a comment about YC.

But you were using YC as an example to support a point about startups in general.

It's probably just vocabulary. We think startups as tech-related, but there's probably just as many new companies created in the restaurant sector as ours -- and they have their own restaurant investment companies.

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