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As a fellow YC founder, I agree with everything you've said here. This article wrongly characterizes the YC experience. I think the author is attempting to apply a normal VC incentive structure to YC, but YC positions itself a little differently in the landscape.

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As a former employer for a YC funded company that was shut down against the founder's wishes, forced to via the investor board; I can say that this article does not universally wrongly characterize the YC experience.

We had another year of runway in the bank and solid growth. ZIRP ended and the board nuked us from orbit.

Did YC have a board seat?

What stage of funding were you at by the end?

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