[fred_durst]

Indeed. That said, there is always room for lawyer to attempt to frame the YC model as actual employment in a similar way that they have with some contractors.

For example, based on the set schedule and other things determined by YC and not the founders. Public statements about choosing people and not companies. One might see an attempt by a lawyer down the road to call YC an employer that pays these individuals to accelerate the growth of a particular company as opposed to purely investors.

I'm definitely not trying to say this is valid as I do not have the legal knowledge, simply saying that it is plausible someone might try it and wouldn't be unreasonable if YC kept it in mind.