Also after an equity round, investors typically have pro-rata rights so you can't take any money without getting their permission and ask them if they'd like to contribute more to maintain their share.
YC is creating a program to help improve outcomes for portfolio companies that go on to raise a Series A from other VCs.
The post is mostly focused on the “why”.
Duration, inaugural class start date, size of program, YC resources committed to program, cost in terms of cap table, criteria for eligibility, etc
Pitching is part of that process, and what we've learned is that the A pitch is a different thing altogether from seed pitches. We have a lot of work to do to get great at that, and I'm grateful for the help we're getting from alums who have gone through it before and have been giving us advice.
Although YC companies seem by definition to already not be included in that group.
The word here is led, not its metallic homonym.
I do not understand why this mistake appears to be increasing in occurrence over the last few years.
Autocorrect, perhaps?
