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PG is an amazingly genuine guy and I think it is good to apply for those interested regardless of the result. Remember, the story of Reddit guys. Never loose an opportunity to learn from others and in this case, even by applying you will learn a lot from YC folks.

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You join YC so you will be able to tell stories about how pg supplied you with cup-o-noodles for several months in exchange for 6% of your company.

It's like the story in the Bible where Esau sells his birthright for a bowl of lentils. Genesis 25: 30-34

It's not the money. It's the contacts.

not just contacts, they're experience no doubt comes in handy and also being able to focus on building your product while they take care of the boring legal part.

Yes - indeed! It is not the money, but the contacts and the experience of working with passionate, like minded individuals in which you learn from!

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