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Literally none of the investors in SVB were bailed out, as you cannot bail out a failed bank.
The investors in depositor companies were (indirectly) bailed out (if there is indeed a shortfall).
Changes at YC
41–50 of 562 posts
Re: Changes at YC
#42Does this also mean YC is killing off their YC Continuity Programs: >> Series A Program: Help founders achieve the best possible outcome when raising a Series A via year-round workshops, fundraising guides and 1:1 support. >> Post-A Program: Batches for YC startups immediately after their Series A to share best practices for growth: managing a board, building a team, key metrics for a Series B and more. >> YC Growth…
Probably, or at least scaled back?
Re: Changes at YC
#43Earlier quoted context omitted.
I am not VC but I think this is kinda apparent from the get go. In early stage you are betting on and nurturing a small team with a full-of-hope business plan. They need relatively small bits of help that can go a along way. So both "who you are chosing among" and "how you are helping them" is very specific. With bigger companies, the team and the business plan is more proven and they need help navigating size and sc…
If it is, bad look for YC: obviously they did not think it was apparent, and they should be the experts.
These are two separate topics.
The things are obviously different. Why YC thought they might be synergic and where that went wrong is a separate question. I have no idea.
Re: Changes at YC
#44> Seventeen of our teammates are impacted today. guys maybe they were impacted in a good way tho?
Maybe your question is a joke but I assume "impacted" means laid off in this context. Kind of like when people say someone "passed away" to mean they died
Can we please just use "fired", "let go" or even "we separated with"? Impacted is just soft wording taken to a comedic level.
Re: Changes at YC
#45Re: Changes at YC
#46> Seventeen of our teammates are impacted today.
Never allow corporations to speak in passive, weak, blameless terms.
Use direct, honest, language, and force them to do the same.
"Seventeen of our teammates are impacted today." - > "We laid off 17 employees today"
"I was impacted by layoffs" -> "Google laid me off" etc
Re: Changes at YC
#47Earlier quoted context omitted.
I am not VC but I think this is kinda apparent from the get go. In early stage you are betting on and nurturing a small team with a full-of-hope business plan. They need relatively small bits of help that can go a along way. So both "who you are chosing among" and "how you are helping them" is very specific. With bigger companies, the team and the business plan is more proven and they need help navigating size and sc…
If it is, bad look for YC: obviously they did not think it was apparent, and they should be the experts.
> bad look for YC
I guess don't apply to them for seed funding for your next big idea if you don't like the way it makes them look.
Re: Changes at YC
#48PG and crew have been very proud of the way they've been able to scale YC. This seems to be one of the first times where YC has failed to scale?
Or perhaps writing pro rata checks doesn't require that many people?
Re: Changes at YC
#49Earlier quoted context omitted.
If it is, bad look for YC: obviously they did not think it was apparent, and they should be the experts.
> bad look for YC I guess don't apply to them for seed funding for your next big idea if you don't like the way it makes them look.
I wouldn't! They take too much of an ownership %.
Re: Changes at YC
#50Y combinator website hugged to death by hacker news. Lmao.