I think this is exactly why the post was written. Aaron isn't saying that YC has a great pro-rata program. I took his writing as stating that he thinks it needs to be reconsidered, and that it is bad as it currently stands.
Why? It has to do purely with the fund's internal structure. Affiliate transfers shouldn't have any material effect on a company. Withholding automatic affiliate transfers would be the company creating needless work for itself.
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I think this is exactly why the post was written. Aaron isn't saying that YC has a great pro-rata program. I took his writing as stating that he thinks it needs to be reconsidered, and that it is bad as it currently stands.
Yep, odd is probably the wrong word, I just find the specific transferability term egregious.
Why? It has to do purely with the fund's internal structure. Affiliate transfers shouldn't have any material effect on a company. Withholding automatic affiliate transfers would be the company creating needless work for itself.