Back before I knew of YC, I schemed on the idea of having a startup frat. Where pledges bust ass to build products, apps, etc. The profits are shared with those that built them, but also heavily reinvested back into the frat... But then I never went back to college. :)
PG made a good point that YC is focused on the good founders on the margin of being great. A few guys who go to school with me here at Berkeley are focused on the flip side of that. People who are starting something smaller, and need just a bit of a push. They call is Agora House, where founder live in a the House, after serious vetting. Check it : https://www.facebook.com/AgoraHouse
