In the business of business-acceleration, I guess this makes YC the McKinsey or GS?
Thing is, they can't keep stretching the payout to investors.
Even a moonshot (as a business) needs to experience a liquidity event of some sort, so they're either inflating the so-called bubble with this or...
They're playing dirty with some of their first-to-market companies by helping them grow and stay cheap enough until they emerge as monopolies (-redacted- AirBnB come to mind mostly).
Edit: to my surprise, Uber isn't a YC company, edit made.
Edit 2: I am checking a list of YC companies and other big ones I see that have potential are:
- Heroku (exited so doesn't count)
- Stripe (of course!)
I stopped at Summer 2011, but some of these are now so ubiquitous on the internet, that it makes you wonder...
Thing is, governments (especially pro-capitalist ones) don't like monopolies, which is where the reference comes from.
A true monopoly rarely, if ever, actually exists in a real free market. However, artificial government backed monopolies are rampant today.