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AI Summary
- Y Combinator selects founders based on earnestness rather than impressive résumés or bold pitches, with 1% acceptance rate and alumni behind 60% of past decade's unicorns
- Garry Tan explains how earnestness—genuine commitment to solving real problems—separates founders who break through from those who burn out
- AI is reshaping venture capital landscape by providing intelligence on tap, changing how founders and investors evaluate opportunities