After that we'll go through our normal process of evaluating each company and deciding if we want to invest. We do not have any information advantage. We may sa

After that we'll go through our normal process of evaluating each company and deciding if we want to invest. We do not have any information advantage. We may say no to a company not because it's a bad company, but just because it's product doesn't fit our strategy. If I understand this correctly, they may turn down eligible companies that want in on this? Of course I know they always have a right to, but I was under the impression that "blind investment" means they would not do any judging as long as you are an eligible YC company. There is a chance he may have been talking about future rounds after their 150K conv deb. Unclear.