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A comment on Reflections on my time in Y Combinator. Parent comment

Re:Reflections on my time in Y Combinator by kevingadd on Monday August 22, 2022 @04:25PM (#32556739)
Selection bias is a tricky question when evaluating "they do seem to pick an outsized number of winners." Does that mean that the people they pick off personal traits and a 15 minute demo are intrinsically winners, or is it just possible for YC to turn almost anyone with the right skills into a winner?
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Re:Reflections on my time in Y Combinator by chrisfrantz on Monday August 22, 2022 @04:29PM (#32556794)
Great question, I imagine there is some truth in both statements.

The failure rate in the startup world, especially when success means a billion dollar exit or IPO, is incredibly high though.

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