That's comparing Apples to tortoises. If an investor wants to invest/gamble on a startup, it's their prerogative. Same as if Bob's uncle wants to give him a small loan to buy into a franchise. I still expect both of them to pay rightful living wages to their employees. Owner's business problems are not the employees problem

No it’s the same thing, no one is going to invest in a company losing millions a year to start a McDonalds franchise - certainly not YC.

Bobs uncle doesn’t have the kind of money that YC has. It’s the ultimate hypocrisy and “let them eat cake” kind of talk.