>> At a fundamental level, though, Graham says that the YC experience for startups will largely be unchanged. “A big misconception is that Y Combinator is Paul Graham,” he said. This change, he says, should finally dispel that public perception and build a bigger future for YC modeled in part after organizations that have stood the test of time.

>> “It’s rare for a company to last 100 years, but for a university it’s nothing. The reason for the difference, I think, is that product companies always have in their DNA some assumption about the kind of thing they’re building, and about their market, and that eventually ends up becoming false. But a university is just a nexus of people...people go there because of the people that are there,” he said. “Now, I’m not claiming that Y Combinator is going to last for centuries. But it could.”