Tech Crunch interview

Graham says Y Combinator is now focusing more on people than ideas, as a team of founders who have been friends for some time will keep what seems like a difficult idea alive in order to not let each other down:

At the stage we’re funding people, at the beginning, the founder is more important than the idea…We’re looking for people who have been friends for a while and worked together on things…Almost every startup has some point where it seems like the startup is doomed, the startup is worthless