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You are discounting the power of small investors. There is a good chance that your unaccredited investors altogether will cast a larger network than your VCs. Also if done right they could become super fans and the best possible promoters of your product. They definitely bring something to the table, but it will be somewhat different than what you'd expect from a YC.

This is seed stage, seed stage investors, even VCs, are making a lot of bets and generally don't have time to work with the company to add much value. Actually our biggest value add investors are also also our smallest.

It depends on the business. For a consumer oriented business, it could be great to have a whole bunch of people with a vested interest in your success.

I imagine you wouldn't use it as your sole source of funding, but in conjunction with a more traditional source.