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YC is in a position to manage other people's money now, tanking hasn't happened and wont for a very long time. Just look at how fast they have been able to push their startups, like FlightCaster, into the mainstream of tech industry. They have some very influential people listening to them.

My bet is on YC branching out of tech startups and perhaps getting into seeding businesses in traditional industries. I would go as far as to say that they're due for a presidential meeting; if the economy doesn't improve, they might even be called in to testify before congress (remember how easy it was for the l0pht to appear in congress?) a government appearance will put them on the spot.




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