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I'd recommend taking quotes from a news article with a grain of salt. It's out of context, and you don't get to hear tone of voice or see the expression on his face.

My impression is that there are lots of insecure people who are way overreacting to that comment. He took the sentence "we think the deal we offer is great for the startup companies" and made a geeky joke out of it.



He did explain further on news.YC:

https://qht.co/comments?id=21791

It's still hard to tell tone of voice over the Internet, but it sounds like he was serious about the IQ test part.


Yep, but then he explained it even further and made clear that the quote didn't quite make clear what he said :-)

https://qht.co/comments?id=21967

I've had the same reaction as boris when reading the original quote. But what he was talking about was the case where someone turns them down because of the valuation. And I can see Paul's point there, actually.




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