Yes, actually. Our model for YC was Viaweb, which was started in 1995 with $10k plus legal work from our friend Julian.
At the time everyone gave us a hard time for starting the co in an apartment with so little money, using open-source sw for everything, writing a web-based app, and running the co ourselves instead of getting an MBA as the CEO. At the time we were considered a broken startup. Now we would be called a "Web 2.0" startup.
Doesn't Viaweb doing it in 1995 kind of disprove that statement? I also know that's not true because I was working on web-based products since then using a totally open source setup.
At the time everyone gave us a hard time for starting the co in an apartment with so little money, using open-source sw for everything, writing a web-based app, and running the co ourselves instead of getting an MBA as the CEO. At the time we were considered a broken startup. Now we would be called a "Web 2.0" startup.