[davidw]

There could be people who belong to the set "talents are going to waste" and who might make a go of it that, however, don't belong to the set that you consider "really good". At least logically it makes sense that, being human, your judgment is not infallible and that some good ones might have slipped between the cracks. Having some other places to go, even if they're not as good as the original is good, and validates the original idea. I think the only thing to worry about might be that if there were so many really bad ones out there that it taints the whole lot by association, but that doesn't seem highly likely to me.

[pg]

I was replying specifically to "There's no way tiny yc can support the huge number of capable people." I'm not saying there are no advantages to having multiple sources of seed funding, just that our inability to scale isn't one of them.