I'm replying to this comment on a forum that PG built, so he deserves the courtesy of me being in his house.

Also I'll say that he was a phenomenal inspiration to Matt Tanase and me when we started Slicehost. I've learned so much from his writing. The guy is a giant. I had the great pleasure of meeting him one time at the YC office on a random Rackspace visit that I tagged along on and I considered it to be a 'bucket list' item.

That being said, YC just has a different strategy than we do. And in addition when you are talking about the act of creation there really aren't limiters, so the net-net is that they can kick ass and we can too.

The most important point on the topic to me is the one he made at 9:30- "even though we've funded a lot of startups it's still only a small percentage of the total number of startups".

There is a lot of work out there to do on building great businesses. Given historical evidence, not all of it is going to originate from Mountain View.