I&#x27;m sure YC benefits tremendously from the information they&#x27;ve gathered about all the companies they&#x27;ve funded.  Probably less so for the applications... I suspect those are incredibly noisy signals and the effort required to extract meaning from them would be prohibitive.<p>On the other hand, YC Fellowships might be pretty much the &quot;infinite valuation investment&quot; idea I mentioned -- while there&#x27;s no formal information rights attached, I&#x27;m sure they&#x27;re getting a strong signal for which companies they&#x27;ll want to fund.