I am not a regular here, and not a coder nor business person, but isn't the whole point of Y-Combinator to find a place between $250k and $0? I.e. to let 20-somethings build their prototype on a shoestring? I mean the "if you can't code, bad luck" still applies, but I imagine there are tons of Y-Combinator projects which wouldn't have got "traction" without the breathing space that the small amount of money and tutoring provides.
Basically what I am saying is this guy is saying absolutely nothing of value from his blogspot pulpit.
Basically what I am saying is this guy is saying absolutely nothing of value from his blogspot pulpit.