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Based on the current performance of the first YC Fellowship, will you have future editions of this programme? You guys mention that it's for founders who haven't raised any money at all (although something such as a free-equity grant from a university is ok).

If you do plan to invest in YC Fellows via an equity deal in the near future, how acceptable would a -very small- investment from FFF for exchange in equity would be before getting the Fellowship?




We will probably make it an ongoing program, and if so we will make it an equity deal.

I'm not sure what our ongoing stance on having already raised money will be, but likely there will be some sort of carveout for a very small amount of friends and family money.




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