All the sessions from Transform 2021 are available on-demand now. Watch now.
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.
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.
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.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more