[wright]

I find it dubious not only for the massive plagiarism (even the word limit!) but in that they seem to lack the l33t skills needed to make an HTML form submission page.

I think having YC in your corner is a boost; these guys look like they'd HURT your chances. Why would you want people who are unoriginal and unscrupulous dragging you down?

[trevelyan]

saves you from writing two application forms?

[rms]

I think that was the idea Techstars had. Since they got away with it outside of this community, I can see why other new microseed funds want to keep using the same application.