Y Combinator has raised $700 million for a later-stage fund that will be run by now full-time partner Ali Rowghani who, prior to this, was the CFO at Pixar and COO at Twitter.
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Y Combinator raises $700M to keep funding YC startups as they mature
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But Altman makes this clear: The fund will be focused on those specifically in the Y Combinator portfolio, not outside. So if you’re looking for funding, you’ll have to graduate from the accelerator. Y Combinator will also not lead seed or traditional series A rounds. What is likely to happen is that instead of hedging their bets in the early stages by giving a small seed investment to dozens of companies, this new investment vehicle is more serious about picking winners — those that will be the next Airbnb, Dropbox, and Stripe.
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