I wish this article would have presented some empirical evidence.

It may not necessarily be inefficient. YC has an established brand. Initial YC investors know they will get the best possible terms, so they would be wise to offer the max value. The start-up it could take this "max" valuation to all future investors.

The alternative would be a low initial offer which would essentially keep anyone else from paying more. In essence the YC start-ups are giving the initial investor a money back guarantee on the difference between their offer and the lowest offer.

It would be quite an anomaly if there weren't at least a few remote employees that were worth keeping remote.

http://www.youtube.com/watch?v=SNPJMk2fgJU Aiming bullets, not poles.

Having the greatest technologists of our time answer our questions would be a huge distraction from the arguments over which language is better.

I would bet start-ups get very competitive rates on their insurance considering their demographics.

Why does PG maintain the website himself? I would think he would have many better things to do with his time.

garry, I hope you wont let armchair quarterbacks deter you in any way from pursing your ideas.

I see why you never "get" them. It looks like they are pretty good at covering up.