I didn't take the article as anything negative against YC. The founders were thrown off their confidence early in the interview, and the interview is only 10 minutes, so it was impossible to recover. They left the room feeling like they bombed the interview, which was a fair assessment I guess.
That said, you might be missing a lot of interesting people and ideas with only 10 minutes to evaluate both.
definitely--it would be great if we could spend more time on interviews.
the tradeoff we make for very quick evaluations is that we are able to look at every company that wants to be part of YC with no introduction or connection to us whatsoever.
You guys are interested in funding great products and companies but of course you're interested in making money. That's the only way you can sustain a great thing like YC that has the ability to fund great things.
Your post yesterday about how you haven't yet passed on a unicorn speaks shows that you have succeeded (so far) on your purpose which is to fund companies that will be hugely successful.
That said, you might be missing a lot of interesting people and ideas with only 10 minutes to evaluate both.