Leaving your area for three months isn't taking on risks. I'm sure YC would be foaming at the mouth to take basecamp and if they could start over with the ability to apply to YC I'm sure DHH and Jason would still turn it down if they were required to go to SF.

If you think you have enough knowledge and insight to criticize me, criticize my main point instead of trying to take things out of context to make your point. My main point was "There are tons of other qualified people who are as old as you and has as many children and wives as you, who are also tied with as many obligations as you. AND they ALL are willing to spend that 3 months in the bay area. Why would an investor choose someone who's NOT willing to do that over someone who is?"

I was criticizing your beliefs that moving to the bay area for 3 months is "taking risks".

Taking risks is building a COMPANY while having obligations such as a family, and mortgage.

I could be building the next most profitable company in the world for all you know. The bay area isn't the be all end all for internet based companies. It's foolish to require that they be there. That's like requiring your staff to be in-house when you run a software company.

I will tell you this right now, my obligations mean I can't leave my small town in Iowa. I don't care if you write a check for $10M on the spot for me to move to the bay area. My family is worth more than anybody can ever offer me.

Btw, I didn't down-vote you I think it's a valid question.

To your point: >> The reality is that there are tons of other people who are as qualified as this person

I think this is where industry veteran may have an edge compared to "other qualified people" as you put it. Yes 20 years old founders are great for many reasons, but experienced veteran that know the system inside-out may have competitive advantages and know-how that younger ones don't have. And if that's right, I think it would be silly for YC to not invest in them because they can't move for 3 months. Actually, some people just travel a lot during those three months (I.e. going to dinner and stuff), but still run their company in their city. Keep in mind that not all companies in YC are two guys in a garage.. some of them have 50+ employees, you can't just leave for 3 months.

Your point would be significantly stronger if you ditched the aggressive tone.

Because funding a diverse set of companies and founders is how you tap into really new ideas.