[JumpCrisscross]

> people come and go

Given the murkiness of GP-level VC economics, it’s often tough to evaluate departing managers. Altman, by running YC more like a company or institution than traditional VC firm, offers a unique opportunity to examine that part of Silicon Valley.

I also think his tenure raises valid questions of what early-stage investing should look like and aspire to be. Operationally limited and difficult to access but de-centralised, i.e. friends & family and angels? Or involved and more accessible but centralised?