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I'm excited by what seems to be a boom in micro-seed startup financing...what could less charitably be referred to as the YC-app knockoffs.

This guys seems to have a good approach, though, in defining a slightly different niche for what he wants to do. While I would be willing to concede that nobody can implement the YC model as well as YC, I hope there is room for more micro-seed startups^2 with different focuses and different approaches.

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I would liken this more to Google's summer of code or Joel Spolsky's paid summer internship program.

I think it's really hard to compete with Paul and what he's built with YC. Strong following, great set of people and a very difficult set of benefits to match. If you fit the YC profile, I think that's a great path for lots of hackepreneur types.

But, I think there are still "gaps" in the market between YC and other early-stage investment vehicles (angel groups, VCs, etc.)

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