Ehhhh... Aren't there syndicates standing ready with millions for every YC startup on Demo Day? I think YC acceptance is worth at least 10 million in funding.
That's... not true. I may have missed sarcasm here, but do you really think every company at demo day gets $10 mil?
It's not guaranteed, but it almost certainly raises the odds. The YC "brand" and investor exposure is quite valuable on its own, even independent of any other benefits.
Pretty sure I read about at least a few million automatically on demo day, depending on the startup my guess is getting up to 10 in the year following is not a bad bet. I suppose someone whould have to crunch the numbers.