Can't tell if I'm getting older or if more often now some of the newer YC inductees are getting accepted on factors other than their tech accumen.
Nobody who knows anything thinks it's actually a quality signal anymore, it's really just a high passthrough noise filter
From their perspective, they still just need the 1 giga unicorn a year to give their LPs excellent returns so it is what it is
The reputational risk is minimal, and bad eggs can be written off as mistakes/chance character failures.
With YC, they are judging companies at 10 minute interviews, I'm guessing they aren't able to do much due diligence.