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Re:I Am Sam Altman, President of Y Combinator. AMA by blazespin on Saturday March 19, 2016 @01:52AM (#11317506)
"ideas are worth so little" .. that's a very broad and dangerous statement for you to make given that people might want to tell you things in confidence.

Obviously, if you have IP, dont apply at YC because they don't think it's worth anything.

Re:I Am Sam Altman, President of Y Combinator. AMA by philip1209 on Saturday March 19, 2016 @02:25AM (#11317576)
An idea is "self-driving cars." IP is how to make it happen. I'd venture to say that it's tough to communicate all of IP during a short application process.
Re:I Am Sam Altman, President of Y Combinator. AMA by optforfon on Saturday March 19, 2016 @08:56AM (#11318322)
Have you seen all the companies that have insane valuations? None are based on really novel ideas.

If you have some truly novel technology you DEFINITELY shouldn't go to YC. They're not in the "technology transfer"-y business like universities.