On: Ways YC has changed in the last year

[7e]

Huh? The founders created these companies. YC just convinced these founders to give away a big share of their companies for almost nothing, in return for cult lulz. Accelerators are exploitative.

[asah → 7e]

strong language, but there's a mathematical proof against:

- company X raises at $Y valuation before YC

- company X raises at $Z valuation after YC

- if Z / Y > YC dilution then YC is a good value

Z/Y > dilution in virtually all cases.

Sorry, but life isn't fair.