The flaw here is using the wrong metrics. Once a company has found a repeatable and growing business model, it’s trivial to raise money and there’s no reason to pick Social Capital over anyone else.

The big market opportunity is to fund startups at the very earliest signs of success. When all they have to show is some code and a few Hacker News upvotes or GitHub stars.

Someone is going to make YCs returns look weak by funding this early. And nothing would do more for diversity than a low barrier test that is 100% blind and meritocratic.