YC isn't the same as VC. I should have been a little more clear in my first comment. It's not like I think angels or incubators that make small investments are making bad investments in these young companies. I went through an incubator with my first company, so I know first hand giving those opportunities is priceless.
We're talking about VC funding here. No company goes after VC on day one. All these companies that get millions in series whatever rounds are mature and have some revenue coming in, or at least a plan to turn their userbase into dollars. If a company is mature enough to seek VC funding and also needs that investment to dig themselves out of a hole, then I don't think they're worth investing in. That's all I'm saying, hopefully it makes sense.
We're talking about VC funding here. No company goes after VC on day one. All these companies that get millions in series whatever rounds are mature and have some revenue coming in, or at least a plan to turn their userbase into dollars. If a company is mature enough to seek VC funding and also needs that investment to dig themselves out of a hole, then I don't think they're worth investing in. That's all I'm saying, hopefully it makes sense.