https://www.ycombinator.com/blog/changes-at-yc/

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Changes at YC

by Garry Tan3/13/2023

[changes]

YC is known primarily as a place where very early founders create
something from nothing by simply applying online and joining the
world's best founder community. When they do, a shocking percentage
of them will go on to make a startup worth a billion dollars (on
average 6 out of 100 startups in recent batches).

YC is rightly known for early stage investing. In recent years, we
have also done some late stage investing. But late stage investing
turned out to be so different from early stage that we found it to be
a distraction from our core mission. So we're going to decrease the
amount of late stage investing we do.

Unfortunately, this means we will no longer need some of the roles on
the late stage investing team. Seventeen of our teammates are
impacted today. As we make this change in strategy, we want to
acknowledge and express our appreciation for their substantial
contributions.

There shouldn't be any noticeable effect on the companies we've
funded or on the way we interact with alumni, but if any companies or
alumni have questions, I'm here and the YC group partners are here --
as always, to help you make something people want.

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    Garry Tan

    Garry is the President & CEO of Y Combinator. Previously, he was
    the co-founder & Managing Partner of Initialized Capital. Before
    that, he co-founded Posterous (YC S08) which was acquired by
    Twitter.

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