Business schools are doing a poor job of preparing students to start tech companies, as observed by Michael Seibel.

Business schools tend to be expensive and often fail to teach essential startup rules that students need to know.

I encourage applicants to Y Combinator to focus on solving real needs, regardless of their academic credentials, as long as they are passionate about their solutions.

The quality of students at Y Combinator is a significant factor in its success; having talented individuals creates a self-perpetuating cycle of excellence.

Many founders applying to Y Combinator are unaware of the full extent of the program's offerings, including ongoing support after the initial three-month period.

I believe that putting knowledge about startups into writing is beneficial for the world, even if it's not the most critical part of what Y Combinator does.

Successful interviewees at Y Combinator demonstrate mastery of their business, showing they understand their numbers, risks, and have a clear plan for the future.

Many founders fail to read the guidance provided in the YC application, leading to common mistakes that could be avoided.

Founders often mistakenly believe that Y Combinator is just a series of online lectures, not realizing they will be assigned a group partner and placed in small sections for personalized support.