Answered raw tape
D 5 · C 5 · P 5 · Cm 4 4.85
Q Not a real URL. All right, so wait, let me, let me kick us off here with just like a very, let's dive right in. We wanted to ask you, what is YC continuity? But in a very mechanical way, like, like literally what is YC continuity? Is it a fund? Is it a set of funds?
A It's a, you know, it's literally the word continuity. So the way it was formed, a lot of our founders, the alumni came and said, hey, you took us through the 12 week program. This is really why we started a company. It would be so cool if YC can continue to support us in the form of investment and in the form of programs down the line too. Why do you stop at the accelerator? And so that's really how we came up with continuity. So it is a multistage fund. We pretty much do primarily the growth stage, series B and above. We have invested in primarily YC companies, actually. We double down on YC companies. Our goal is to be partner, a lifelong partner for all the enduring companies in YC to the extent possible. We also do a tremendous amount of post-patch programming. So people don't know this. If you go through YC today, You get 10 times more what you got in 2012 batch or 2014 batch. So we run three programs in continuity. We run the series A program. We help you how to teach and teach you how to raise the series A. So we work with you on pitch decks, how to negotiate term sheets, how to identify investors.
AI assessment note: “So it is a multistage fund. We pretty much do primarily the growth stage”
Answered raw tape
D 5 · C 5 · P 4 · Cm 4 4.60
Q a pyramid, but I didn't thought about that. Like back then, yeah, there were, I don't know, less than number of investors you could count on two hands that could, that were writing a hundred million dollar checks. And so if you're like, I can't go public. I need a hundred million dollars plus to finance this stage of growth in my company. You know, it's a supply-demand equation, right?
A So, it was primarily that, but I think YC's mission has always been how do we support our founders more? And right, YC was learning through its evolution. Remember, like, seven years ago was when Dropbox had raised a late-stage private run. So, YC itself was learning what are its companies going through. When, when do they get help versus when do they not? So we saw an opportunity. We saw that these companies still need help, and they, you know, and we are in a great place and an amazing platform that really kudos to PG and Jessica on how they built it. YC can play a significant role. And, you know, one of the things that people don't understand, and I didn't, I was at Andreessen Horowitz before, right, is the YC founder Never views YC as an investor. They view YC as the parent. So what does that mean? Anytime a company is going through any issue, five years after they've graduated, they will first come to their YC partner.
AI assessment note: “So, it was primarily that, but I think YC's mission has always been”
