Comment by ecb_penguin

I didn't realize how poorly YC startups were managed until I joined one.

It's mostly a ponzi scheme, where unprofitable companies pass their books off to non-technical investors that love hype.

> 1 slide. 1 minute pitches. 1 speaker.

This is why YC has such poor results. They're more interested in "1 slide" vs actual financials.

> Vertical AI was all over the place. Cursor for X was also prevalent.

No thought leadership at all.