The vast majority of companies don't take VC money. Many great companies had ideas that were quickly dismissed by these "VERY smart VCs and entrepreneurs".
Of course, there's also the argument that the 4-5 YC partners just can't take on every potentially successful startup. Harvard can't accept every qualified candidate; there's not enough seats. But to then tell one of those rejected (or in this case, waitlisted!) to simply forget continuing on with their education elsewhere is just preposterous.
The vast majority of companies don't take VC money. Many great companies had ideas that were quickly dismissed by these "VERY smart VCs and entrepreneurs".
Of course, there's also the argument that the 4-5 YC partners just can't take on every potentially successful startup. Harvard can't accept every qualified candidate; there's not enough seats. But to then tell one of those rejected (or in this case, waitlisted!) to simply forget continuing on with their education elsewhere is just preposterous.