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.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?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.