Re:I Don’t Understand Y Combinator Hate
by vitaminj on Monday August 18, 2008 @05:18AM
(#279103)
"... with all the attached room for anti-capitalist hatred..."
In some ways, YC represents the purest form of the capitalist ideal - people risking their OWN money and resources to help develop a productive enterprise, and then reaping the rewards if it's successful (presumably the YC founders are risking their own money and their time with the startups they fund...).
I think most people reserve their anti-capitalist vitriol for things like hedge funds, where the managers of said funds can get insanely rich taking risks with other people's money.
In some ways, YC represents the purest form of the capitalist ideal - people risking their OWN money and resources to help develop a productive enterprise, and then reaping the rewards if it's successful (presumably the YC founders are risking their own money and their time with the startups they fund...).
I think most people reserve their anti-capitalist vitriol for things like hedge funds, where the managers of said funds can get insanely rich taking risks with other people's money.
I find the YC model very hard to hate.