Looks like there's a useful built-in selection bias. YC commits itself to invest...

_delirium · on July 22, 2015

> only good companies will be able to raise future rounds

Given the rather poor returns of the VC sector overall, I'm not sure you can make this assumption without more qualification.

briholt · on July 22, 2015

Fair enough:

* ...only not-completely-screwed-up-trainwrecks will raise future rounds...

namenotrequired · on July 22, 2015

Maybe the inverted statement is more appropriate?

... companies that aren't able to raise further rounds will fail...