It seems our society places an unduly large value on achievement, rather than accomplishment. The point of going to a top school is to say you've gone to a top school. The point of working at McKinsey or Goldman is to put it on your resume. The point of being on the board of X is to get onto the board of Y. And so forth. This is the cold, seldom-questioned bargain of achievement. It is a paint-by-numbers approach to success, and it certainly guarantees its devout adherant a substantial degree of material comfort. But at what cost? And is there an end goal? Or is life simply a contest to see who can build the most prestigious obituary?
I, for one, hope and trust that YC is able to sniff out the achievers from the accomplishers, and to select the latter. It is the latter who build great companies. The former make fantastic lawyers, consultants, and bankers.