Y Combinator scales back its late stage team, laying off 17 employees, or ~20% of YC staff, calling late stage investing a “distraction from our core mission” (Natasha Mascarenhas/TechCrunch)

Natasha Mascarenhas / TechCrunch:
Y Combinator scales back its late stage team, laying off 17 employees, or ~20% of YC staff, calling late stage investing a “distraction from our core mission”  —  Y Combinator will be writing less checks toward late-stage companies, a scale back that also cost 17 team members …