Does YC actually expect a hack built in a weekend to be on par with some of the startups they take for interviews?
I met my cofounder at the TC Disrupt Hackathon in 2011, were selected as one of the winners, and have worked together ever since. We even did YC last batch.
+1
I don't think you have to look much further than comments by sama and pg about building YC into an institution that lasts 100 years. It's the network that creates sustaining value. I have no insider knowledge, but this event seems like a great way to expand and grow that network.
Love to see it. Love to see YC continuing to do and try new things.
(Not saying hackathon hacks can't be viable or polished, I've seen many that are absolutely both.)