If I had to guess, YCombinator is starting to diversify it's funding strategies for early stage startups as it starts to diversity the types of startups that it invests in.
The same funding terms simply won't work for an e-commerce shop selling Jellyfish compared to one trying to commercialize nuclear power. This new type of fund probably allows them to fund the latter startups in a more appropriate way.
The same funding terms simply won't work for an e-commerce shop selling Jellyfish compared to one trying to commercialize nuclear power. This new type of fund probably allows them to fund the latter startups in a more appropriate way.