YC is going all-in on a technology with no proven business value, driven mostly by ideological desire.
It might prove to be their downfall.
It might prove to be their downfall.
The economic purpose of seed investors is to take on technology-market risk. It's a necessary part of the economy, since the only way to find out if a technology has business value is to have companies build things with it. Without investors willing to take on that risk (and lose frequently -- more than half the time) there'd be only incremental technology progress.
there's quantitative evidence in this article
unfortunately it doesn't support your position