from the author of the article (Score 1)

Glad to see this comment, as it explains stuff that I couldn't get into in detail in my limited space for the story. Interesting how the slashdotters have seized on this aspect of it. I'd heard the outsider criticism that Y Combinator takes too much for its monetary investment, but I talked to every company in this year's program and a bunch from previous programs and not one person regretted it. To the contrary, everyone seems to enthusiastically endorse the process. As noted, it isn't the money but the advice and connection to investors that matters, as well as an environment where you can focus totally on your product.