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Just so that it is clear: How does YC define "late stage"?

I ask because the opening line is: "YC is known primarily as a place where very early founders create something from nothing"

Does this mean that, going forward, startups that start with something need not apply? For example, a product and, say, one or many customers? Some revenue?

Or does YC want to focus on the "something from nothing" category?




Late stage means series B+ usually




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