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Re:Y Combinator's Founding Principles by dilemma on Monday October 02, 2017 @07:44PM (#15388913)
>3) YC has no incentive to increase in size if it can't maintain a high-quality program because top founders only want to participate in a program with other top founders. If we do something that convinces top founders to stay away - then we lose.

It says right in the post - YC's goal is mass production of startups via incubation.

Re:Y Combinator's Founding Principles by sillysaurus3 on Monday October 02, 2017 @08:27PM (#15389086)
I think Michael is saying "Just like it would be dumb to increase the size of a factory too quickly, it would be dumb to increase the size of our batches too quickly."
Re:Y Combinator's Founding Principles by kcorbitt on Monday October 02, 2017 @11:27PM (#15389882)
We're always looking for more ways to help more startups, sometimes within the framework of our original incubation program and sometimes without it.

If YC lives up to its potential, I suspect the startups that actually end up going through our accelerator will be just a small fraction of all the ones we've meaningfully helped out in one way or another.