An Open Letter to Sam Altman

Ryan, this is not a good strategy. Especially given this bit: "I also watched Kinnard vehemently explain to others that he never planned on selling BitBox, and that the money component doesn’t matter to him at all (he wasn’t kidding, either)."

YC funds businesses that have the potential to make a lot of money. A founder who doesn't care about the financial side of things does not bode well.

BitBox was accepted into the most recent class at Boost VC, a venture capital firm and startup incubator located in downtown San Mateo, California.

http://www.coindesk.com/founder-of-bitcoin-exchange-bitbox-o...

This is all very interesting, but none of it is a justification for acceptance into an accelerator.