Paul Graham: Why Y Combinator Replaces The Traditional Corporation
YC has nothing to do with replacing the traditional corporation. To do that YC companies would have to have sustainable business models and actually make a profit.<p>How many YC companies have ever made a real profit before being bought? How is the YC model sustainable without existing large corporations like Google or Yahoo or Linkedin waiting to buy out the startups?<p>YC is about grooming startups ready to be bought out in talent acquisitions after a period of rapid growth, not about creating sustainable businesses with viable products.