If we had really designed the YC application form to eliminate a huge amount of talent, that wouldn't be clever, would it? We'd lose a proportionately huge amount of money.
Perhaps my second statement was misunderstood. No way you guys created the YC application form to eliminate talent. That wouldn't make sense. The intentions were positive but formed some kind of barriers for some applicants. It's like going hunting with a good weapon to catch a good prey (and you do catch some)when there are better weapons at your disposable. So I'm not saying YC is not successful because it would be stupid to say it. What I am saying is, you can significantly improve the success/failure ratio by taking into consideration other indicators as well. You are losing money anyway but you don't know it. Who knows what startups you missed/are missing until now that could've brought you more money than those that already did.Why swim in a small pool when you have a bigger one at your disposal. Also the YC app form reflects jury's mind.
We both know quality developers would LOVE working for a YC startup and it should be no problem hiring someone as a co-founder IF you know how to pick. Now, of course, that co-founder was not born in the same hospital as you and you might not have that super SyFy connection as super old time buddies but will that lead to a startup failure?No,I don't think so.
In fact I am willing to bet that even a non-technical single founder (ye, we don't like them) with no experience what-so-ever, can handle YC application process. How? Raw/natural talent, cleverness, cunningness etc. Qualities hard to measure and observe, no doubt, but most valuable. If you can get a founder like that, there should be no problems in the future. Going "by the paper" is not always the best choice.
EDIT: And in all honesty the YC Application form is cleverly made to target a specific group of people, eliminating a huge amount of talent and in some points minimizing innovation.