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Like all of PG's essays, this one is an exploration of his own thought processes more than a generalization about other people in general.

What it tells us is why PG created Y Combinator. He did it to gain access to other people's ideas.

PG is a smart guy.

He's also a rich guy, getting richer every day, because he uses his smarts to multiply his reach by mixing with other people's ideas.

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