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by tptacek 167 days ago
The VC-funded startup environment prior to YC is so different than what we have today that it's weird to compare. Were VCs bad at picking founders in 2004? Mu!

(I raised, with friends, in 1999, and was senior at a VC-funded startup prior to that).

Most people who comment on Hacker News would not have preferred the status quo ante of YC.