The crowdfunding response is feels like common incumbentspeak. YC is threatened by crowdfunding so it seems like Altman can't see it straight. It looks like a major blind spot.
It would be great if YC actually did "eat itself" and usher in the crowdfunding era. This is certainly contrary to the exclusive club they are today but it beats being subsumed. And YC does have good things to teach people and is quite generous. It would be good for the world if they were the ones that did this. "Kickstart with equity" is clearly the model of the future. Indiegogo is working on it.
It would be great if YC actually did "eat itself" and usher in the crowdfunding era. This is certainly contrary to the exclusive club they are today but it beats being subsumed. And YC does have good things to teach people and is quite generous. It would be good for the world if they were the ones that did this. "Kickstart with equity" is clearly the model of the future. Indiegogo is working on it.