I think that there are some people on this forum that are missing the point. Just because you are a hacker, does not mean that you have the ingredients to make a successful company. As some have already noted, this is a program for those people who were rejected from TechStars initially to get into the program and glean most of the benefits by donating some of their time. Fifteen hours per week is only two hours per day, and that time could be spent simply providing another set of hacker eyes to a new feature (not building the whole thing from scratch), or another techie to bounce your idea for server architecture off of. What I don't understand is why they do not provide this same system for business types to "hack" into TechStars.
"I think that there are some people on this forum that are missing the point. Just because you are a hacker, does not mean that you have the ingredients to make a successful company."
AND?
Who cares?
You are talking as if making a "successful company" is the be all end all and the ultimate objective of hacking.
Hacking is about Hacking, it is not about money, companies, meetings, sub 90 IQ's in suits, etc etc etc
Well, I think that based on the context of this forum (YCombinator is a seed stage incubator fund) we can assume most people here are interested in either starting a company themselves, or getting involved with one. So, is making a "successful company" the be all, end all? No. However, TechStars is attempting to open a door here, and many people are slamming it shut.