So it's obviously satire, and I'm a huge PG/YC supporter, although consider this: PG (through the voice of another YC faithful) is in a way attacking the "dullard VC", lampooning them for being formulaic and unimaginative.
But, in a sense he too is using subtlety to obfuscate the real message and the reader is left to fill in the blanks. It's probably meant in good humor, but usually there is a little truth and sore feelings behind these sort of jests.
Now maybe the VC's are arrogant or whatever, although this does seem like tit-for-tat in my book.
I'll go out on a limb here and say I don't think YC-style is going to "take over" and obliterate the traditional VC model, nor do I believe traditional VC's should dismiss YC-style investing as chump-change or unimportant.
But, in a sense he too is using subtlety to obfuscate the real message and the reader is left to fill in the blanks. It's probably meant in good humor, but usually there is a little truth and sore feelings behind these sort of jests.
Now maybe the VC's are arrogant or whatever, although this does seem like tit-for-tat in my book.
I'll go out on a limb here and say I don't think YC-style is going to "take over" and obliterate the traditional VC model, nor do I believe traditional VC's should dismiss YC-style investing as chump-change or unimportant.