For years, Y Combinator has shied away from doing any kind of follow-on funding. That’s out of concern that this would signal risk and ward VCs away from supporting startups that don’t get this seal of approval.
However, under the firm’s new leadership with Sam Altman at the helm, it’s possible that Y Combinator will consider doing growth-stage investments, according to sources familiar with the firm’s plans. Both YC and Altman declined to comment on this story.
Read More