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Startups are one of those things that are best learned by doing, so YC pretty much already is what you're talking about. We've tried to make it the optimal way to learn about startups. But YC is structurally so different from a university that I don't think they'd be able to evolve very far in this direction.

There's a discontinuity between investment firms and schools. We've taken the investment firm and made it a lot like a school, in much the same way that seals became a lot like fishes. But as with seals and fishes, there is an unbridgeable gap despite the surface similarities.