they invest in defense stuff now, that's new!

but. paul graham doesn't like defense stuff. there were plenty of great defense seed investments (palantir), and he runs the best seed venture firm in the world, always has, so his opinion matters. but it was out of a righteous place, it wasn't because he thought it couldn't make money.

y combinator is a much bigger fund now with lots of people in charge. the "2000-2015" era you are talking about: valuations of everything were 1/10th of what they are now. it's hard to make any definitive comparisons about venture trends.