This is disappointing.
YC needs a fresh perspective. Recycling older members is not a positive sign for continued innovation. I wouldn’t point to “HODL diamond hands” crypto hype (suddenly disappeared..) and personal brand-building content creation as the type of leadership YC needs at this stage.
Specifically in this, someone who has been running a large VC fund for the past half-decade with considerable inside deal access through YC. The conflicts of interest are sizable, and we can’t really pretend that they won’t compound now that Garry’s at the head of YC.
Lastly, to balance flood of positive reviews, there have been consistent (if quiet, again, small world) reports of pettiness and using power/influence against personal grudges. I have not worked with Garry directly, founder friends have and back channels are..not same as the public comments here. Everyone has weaknesses. This isn’t a good one for the position.
That's why I think YC under Garry will pivot to something like: "Catch the next big thing" even if the next big thing is a scam and an environmental disaster.
I look forward to YC becoming full-time crypto shills and pump and dump scams.