From Techcrunch (http://techcrunch.com/2012/11/26/y-combinator-debuts-yc-vc-to-replace-the-start-fund-includes-yuri-milner-andreessen-horowitz/ http://techcrunc

From Techcrunch (http://techcrunch.com/2012/11/26/y-combinator-debuts-yc-vc-to-replace-the-start-fund-includes-yuri-milner-andreessen-horowitz/ http://techcrunch.com/2012/11/26/y-combinator-debuts-yc-vc-t...): "Notably missing from the investor group: Ron Conway’s SV Angel. Y Combinator founder Paul Graham said in an interview that this new format didn’t make sense for Conway and David Lee’s fund size."