Makes sense. No reason why YC needs to recede over time and progressive funding rounds. Long tail early stage startups are the beachhead, this is the "big vis

Makes sense. No reason why YC needs to recede over time and progressive funding rounds. Long tail early stage startups are the beachhead, this is the "big vision" -- vertically integrate the VC stack. Right now other VCs are benefiting from the value YC adds at the beginning of a company's life. YC's stake increases in value, but this lets YC keep betting on itself. Good stuff.