[devgutt]

YC has always sound to me like something very odd and very wrong (invest on a few to get a lottery winner). It is also so much boilerplate mumbo-jumbo startup lingo. I like to talk about business, not unicorns, valuation, lean startup, etc. This approach is much better and sounds right. Every startup counts for a healthy ecosystem. Looking forward to the next steps.

[vikramkr]

I believe it's because YC is more looking for startups in the vein of traditional silicon valley VCs and the like: high-risk high reward ventures. With general VC math, they're operating on the power law where essentially the biggest winner is going to return more than the rest of the fund combined and the high failure rate necessitates the huge winners. I definitely agree with your point and the value prop of TinySeed - those types of companies are great but it misses out on such a huge swath of companies that are important for a healthy ecosystem; I hope we see more support for the companies currently left out of the current ecosystem moving forward.