You are not reading what I wrote and instead replying to continue pushing that false narrative we've established here to be untrue: that most in YC aren't from an unknown university.
Your insistence only confirms the rumours, does not dispel it.
In asymmetric high risk/reward environments, what YC does is not unusual. When a trade has 99% of failing but 1% will pay for all the bets and then some, you simply cannot take large positional bets that results in equal power dynamics.
They've built something heavily coveted and exclusive that people participating cannot see that they are gambling with their time and life.
It's very comforting to founders to feel safety in numbers when operating in an illiquid market (the goal is to sell your shares to a buyer whether its secondary market or IPO) but know this:
Illiquid markets are rife with manipulation and false positives.
You are mistaken. Lying about a products capabilities, trying to pass off something that isn't might work for a while but eventually people find out (evem with heavy marketing) and word gets around.
When you are selling something, you must be absolutely honest with what you are delivering. If you can't do it don't put it on! Not delivering makes you lose trust.
Scott Wu's option is here is to keep the lie going or just throw in the towel and say hey AI was a hype it's good at summarizing text and descent code assistant but its not going to replace human software engineers for a long time.
Which do you think he's going to take? Whichever is going to result in $$$.
maybe but you wont get to keep it because the people you fooled will try their best to not let you have it which is what happened to SBF. I'm trying to point at the analogy to crypto here. everybody believed in something that wasn't but badly wanted it to be true. somebody sold them that false reality and the capital moved from people who were living in a false fictional reality to people who never left this reality.
Been following SBF for a long time and this quote my local rabbi told me once comes to mind:
"spxneo, if you deceive people that demands to be deceived, you will be rich. if you are truthful with those people that demands to be deceived, you will become enemies. if you are truthful with people that demands truth, you will be neither friends nor enemies and poor."
I also disagree. As a fan of aviation, theres never enough experiments going on. We need to stop it with this carbon virtue signaling when everyone of us here would be glad to own a used 2017 Bombardier Global 6000
I applaud Boom's efforts I just don't know if its viable because if Airbus isn't working on it then it probably isn't safe/worth the insurance upkeep.