Yes. YC will not fund the company that will invent something new. They will fund a company that looks like it might be a good business and make money. These two things aren't inherently incompatible in theory. But we've seen time and time again in practice that they are. To invent new things you need Xerox Parc (the PC) or a big government program (the Internet). To make a lot of money off the inventions, you need Apple. The ecosystem needs both kinds of companies. Unfortunately (for the future of ideas) YC will select the latter type only.