Earlier quoted context omitted.
YC probably most closely resembles the talent agency William Morris.
Nah. WMA is in the business of taking people who are already successful and making them richer. They are negotiators. YC resembles a top-tier investment bank, like Goldman Sachs: they gussy you up for the road show, they introduce you to their very large network of investors, and they take 7%. And they get high prices for their clients because they (YC/Goldman Sachs) has a reputation for getting the best companies in…
Re: Venture Firms Fret as Y Combinator Soars
#61William Morris discovers and coaches talent. They take a management fee. They intro their talent to film makers who have money. They're really only looking for super stars, but they sign a lot of other people by mistake.