Y Combinator scales back its late stage team, laying off 17 employees, or ~20% of YC staff, calling late stage investing a “distraction from our core mission”
Very savvy move by @garrytan to deprecate late-stage investing by YC (if I'm reading this correctly)... it seemed to cause a bit of conflict with the late-stage crowd. https://www.ycombinator.com/ ...
Just love that YC goes back to its roots and will only focus on early-stage investments: https://www.ycombinator.com/ ... Trend to re-focus is good, for the entire ecosystem!