[jdp23]

It's an excellent point that YC founders' experience may not be typical ... a different way of looking at this, though, is that YC and other tech incubators have changed the dynamic to give founders in general a much better shot at keeping control.

Which, as a serial entrepreneur, I see as a very good thing.

[patio11]

I think YC is also responsible (with others) for radically improving the information disparity between, e.g., fresh college graduates with a gleam in their eye and partners at firms with 9 figures under management.