I don't think so. We don't compete with VCs. In fact, VCs like us, because we cause more startups to exist. We compete more with angels than VCs. But our real competitors are employers and grad schools.
Yeah. Honestly, I've always seen the YC program as a much needed filter for the VC community rather than a competitor/disruptor. But it's always nice to hear from the founder that that's the case ;)