Be honest about winner's bias... there are a lot of dead horses in their graveyard too.

They lose less money on the losers than they make on the winners. The whole game is about maximizing the number of wins, not necessarily percentage.

That’s literally the VC business model?

This can still be true with the original point. There might be a certain type of startup they're very good a nurturing, but not others.

Source?

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.

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.