Prominent Silicon Valley accelerator Y Combinator today submitted a regulatory filing for a new outfit named Y Combinator Continuity Fund I, L.P.
The filing doesn’t provide very much information. There’s already a lot of speculation about the new activity. Y Combinator itself declined to comment. But one thing is certain: Going forward, Y Combinator will be doing more investing.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1752233,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"C"}']The fund is officially designated as a venture capital fund in the filing.
Historically Y Combinator has poured seed money into startups — generally $120,000 in exchange for a 7 percent equity stake.
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A name like “Continuity” suggests that the fund will provide money for Y Combinator startups in later stages. There are several promising Y Combinator startups into which the accelerator could invest further, including Airbnb, Dropbox, Instacart, Stripe, and Zenefits.
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