I don't think there is anything wrong with it. They can do whatever they like, just that it felt weird given what YC promised earlier (not sure if they promise

I don't think there is anything wrong with it. They can do whatever they like, just that it felt weird given what YC promised earlier (not sure if they promise the same thing now). The other aspect of this is their target market (Seed investors) is also very much market risk averse, and invest heavily in execution risk businesses. They like their Saas multiples and GM very much.