Y Combinator may be removing VCs from its list of backers | VentureBeat | Entrepreneur | by Christina Farr - That reduction in initial capital was a result of founder Paul Graham’s thesis that the cost of software development is decreasing over time.

Basically, the cost of developing software that does little or nothing is dropping. The cost of developing innovative applications that do something other than copy existing applications that do little or nothing is rising.

Labels: software engineering