"The other distinction is that Y Combinator didn’t let investors snag any participants early, as it previously has."
We don't have any power to stop companies from taking investment. Nor would we want to, especially in these uncertain times. We usually encourage companies to take money before DDay if a legit investor makes them an offer that doesn't require a lot of negotiation.
What we did differently this time was that we didn't hold an event we have in the past called Angel Day, at which we introduced startups early to a select group of angels. We found this was turning into a de facto early Demo Day, and that was bad because it was causing the startups to be pushed into fundraising mode early.
Comments
"The other distinction is that Y Combinator didn’t let investors snag any participants early, as it previously has."
We don't have any power to stop companies from taking investment. Nor would we want to, especially in these uncertain times. We usually encourage companies to take money before DDay if a legit investor makes them an offer that doesn't require a lot of negotiation.
What we did differently this time was that we didn't hold an event we have in the past called Angel Day, at which we introduced startups early to a select group of angels. We found this was turning into a de facto early Demo Day, and that was bad because it was causing the startups to be pushed into fundraising mode early.