It’s likely that the absence of a project like this, led by a person with zero or possibly negative experience, would be better.
There are a lot of adversities that steel a person's resolve. Rejection is one of them, if not as sexy as personal or family trauma ("I became a neurologist because my childhood friend died of seizures").
And what if that's part of his schtick? If he specializes in YC's blind spots, then he has an ice breaker. Hey YC didn't want to talk to you, get in line to talk to me instead.
We the public get some data points on whether YC's blind spots are rational or not. We all avoid things we are bad at. Some of those things everyone is bad at, so nobody would fault you for avoiding them too. But if you are good at it, people will throw money at you to deal with the situation.
The problem is that he’s starting to get involved with other people’s businesses before he even understands how business or startups work. It’s not clear if he’s ever worked at any company other than his own, yet he’s trying to mentor others on how to start and operate businesses. Incubators traditionally trade mentorship and other valuable resources in exchange for equity.
If he’s taking equity (not stated in his post but assumed if he’s operating as an incubator) then it’s right to be more critical about what he’s offering in exchange. University students can be vulnerable to entering into bad equity deals or working arrangements operating under the guise of incubators, accelerators, or angle investors.
That’s missing the point. The concerns aren’t about his personal business. The concerns are about the students he’s trying to influence and take equity from.
Once you start putting yourself in a position to take equity in the labor and businesses of University students, the bar is higher.
> I don't think his incubator is going to be very successful so it's no big loss to anyone
You’re still missing the point. If his incubator isn’t very successful, then presumably any of the students who become involved with his incubator won’t be successful either. It’s not fair to the University students to be drawn into an incubator program that we can all apparently agree is not on a track for success. I just hope Universities are smart enough to not endorse this idea.
He's young and making mistakes, but if he operates on a long time horizon I think he's doing pretty good. He realizes the he needs to research a market before creating a product (customers own the problem, you own the solution).
His mistake here is that he's angry about YC (which is unjustified, they were right to deny him) so he wants to make an "incubator". That's probably not a good idea, but he's only 20 so has plenty of time to fail more.
I think he knows what to do though. Research an idea first before building. So, the smart thing to do would be to find a vertical that intrigues him and start engaging with people in that industry trying to identify problems they may they need solving. B2B (specifically B2SmallB) is always easier than B2C for a solo founder.