The context from working in a Valley startup funded by YC and run by one of their former executives is they are not seeing the talent they once did despite mining the same sources. There is little self reflection to consider the Silicon Valley offer has changed versus the talent itself.

I literally said, "we're all adults here," and I was corrected. The new batch of Cal grads are children, they said -- which is an indictment of all US graduates and not just Cal for some reason. Or maybe the startup funders are just like the ancient Greek writers who complained kids today don't want to work.