However, it would still leave open the problem of editing work, which is currently unsolved. I'm hoping that the Meet the Batch threads will involve much less of that per startup. Letting the startups present themselves unfiltered to HN is a really bad idea, because most founders don't understand the culture here and naively step into HN the same way they would, say, ProductHunt—or worse, repeat their Demo Day pitch. This is a very efficient way to get yourself flagged and flamed, and also is a risk for YC (imagine "I don't understand how YC can possibly fund such #@!&*" comments x 1000).
We explain the difference clearly enough at https://news.ycombinator.com/yli.html, but an explanation isn't enough. It needs collaborative work in practice. Personally I think not sounding like an ad and speaking as a person rather than a brand is good practice throughout life, not just Launch HNs, but I'll settle for getting Launch HNs right; that's turns out to be hard enough.