Just to state it aloud, the main hypothesis that occurred to me when doing the pre-reading and thinking about why YC would be a scam (to use a term from the comments below), is that after you get in:
They ensure that you have massive (artificial) growth by hooking you into their massive network of successful companies.
They destroy information for other funders on demo day by making the good companies look exactly as good as the bad.
This is overall a system that gains a lot of power and resources while wasting everyone else’s time and attention, exerting major costs on the world globally. “Apex predator” sounds like an appropriate term.
Just to state it aloud, the main hypothesis that occurred to me when doing the pre-reading and thinking about why YC would be a scam (to use a term from the comments below), is that after you get in:
They ensure that you have massive (artificial) growth by hooking you into their massive network of successful companies.
They destroy information for other funders on demo day by making the good companies look exactly as good as the bad.
This is overall a system that gains a lot of power and resources while wasting everyone else’s time and attention, exerting major costs on the world globally. “Apex predator” sounds like an appropriate term.