I was going to say... he got rejected by YC (and YC turned out to be 100% correct), started one business that had the least possible success, somehow made a lot of assumptions about business success after that, and now is starting a program to mentor others?

At least it doesn’t really sound like an actual incubator, it’s more of a school club for people with startup interest. Unlike a real incubator where you get something like space or money, this is basically just a mailing list. The members get nothing but also basically invest nothing.

The act of building something with peers is far from nothing. Having a space to experiment and create is in itself pretty useful and does require some overhead, so there is value being added. Of course it depends on what level of oversight is provided/required that will determine how good it is.

If you anonymize the details it sounds a bit like a motivational speaker.

It doesn't cost me much for him to try, so I'm content to sit here and watch, and make sure I have some microwave popcorn bags in reserve should things get interesting, for any definition of 'interesting'.

> ... started one business that had the least possible success, somehow made a lot of assumptions about business success after that, and now is starting a program to mentor others?

maybe it's all an elaborate ruse to become president of the USA?

Not really. Maybe Y Combinator will incubate his incubator?

...and if he is rejected there again, he can create an incubator for incubators.