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”

Y Combinator will be writing fewer checks for late-stage companies, a scale back that also cost 17 team members — or roughly 20% of the accelerator’s employees — their jobs, according to a statement released on Monday. The accelerator told TechCrunch that Silicon Valley Bank’s failure was not a…#siliconvalleybanks #svb #garrytan #yc #bigtech #google #demoday #natashamascarenhas #signal
Source: Reuters: Health - Category: Consumer Health News Source Type: news
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