The author makes four points, which are interesting to consider vis-à-vis YC:<p>1. VCs and founders have a conflict of interest with respect to risk, because VCs are portfolio investors who need a few home runs while founders have all their eggs in one basket.<p>2. VCs tend not to respect or care about founders.<p>3. VCs generally don’t add that much value beyond cash, though they claim otherwise.<p>4. VCs tend to think of techies as totally fungible, weird, and not capable of leading.<p>When it comes to #2 and #4, YC is obviously in a different league.<p>On #3, it's true that some people dispute whether YC adds value beyond cash. But it appears that the founders themselves overwhelmingly say that it does. So I give #3 to YC.<p>I'm not sure about #1. It would be interesting to hear more about this one.