First, a bunch of jokers attempt a YC clone with IAccelerator and now another bunch of jokers manage to do it even worse.
"You aren't a gift, you're a business- your business is making entrepreneurs think you can further their business. Your website is unprofessional and doesn't mention who you are, and who you are is the most important."
Engrave this on a wall and read it aloud every day.
"It's all because of an attitude which is typical to Indian pseudo-VCs. They think they are doing startup-ists[sic] a big favour by investing in them."
Amen! And we wonder why the world laughs at us. I am an Indian developer and all I can say to this "venture firm" is .. I wouldn't be caught dead within a 100 miles of you.
I would love to see who would, really.
YC works because of PG and his team, not the 20 k $ (or whatever the amount is these days) that they invest in a startup. Unless you have a fraction of the credibility he brings to the table, you have no business being a YC "inspired" firm.