> The characteristics in that paragraph don't apply to new mom & pop restaurants, dry cleaners, new law practices, etc
I fully expect the founders of those businesses originally have dreams of their business becoming the next F500. But when validation fails...
> and very often associated with funding from VC.
If you keep reading we get to: "Unlike an entrepreneur, a start up founder doesn’t have a major financial motive." I'm not sure that is in line with the YC program. It is clearly focused on the huge exit.