I think I get it. What you're saying is that YCombinator's target audience is highly intelligent individuals, savvy enough to spot untapped market opportunities and capable enough to have a chance at exploiting them, but who are either too lazy to look at the IPO and M&A data or aren't very good at statistics?

Personally, I find it hard to believe that every YCombinator-backed founder believes he's chasing a billion-dollar opportunity, but maybe I'm delusional.