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Most of the money to be made in VC is by doubling down on successful investments. YC has foregone billions by not doing this. Competing with later stage VCs may incline them to compete with YC, which would be a very great thing for the world.

I couldn't agree more. I would love to see a program that would actually compete with YC. They're pretty much on their own ahead of the pack and a non-competitive business is never a good thing.

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