It seems the first few batches of YC were VERY successful. But, the number of successful YC companies I can think of from the last 10 years of batches is very minimal despite them investing in thousands of companies. Makes you wonder, does the funding landscape need a new YC level disruption because YC seems to have peeked, return wise (not hype wise). Maybe AI might be their saving grace if everything works out
Most of their recent communication is going all in on AI. Saying stuff like this batch prefers hiring devs that use AI, and 95% of their codebases are all AI generated.