[pg]

YC is probably more suited for companies that are further along.

No; we've funded groups that had been launched for a year and others that didn't even have an idea yet. Our threshold is simply whether the founders are ready to work full time on the company.

[vdibart]

Thanks for the clarification pg.

I would think that it'd be pretty uncommon to be accepted at the pre-idea stage though, no? I mean, seed funding for literally nothing more than a good team is pretty tough to come by. For FI that's actually pretty common (at least in my experience).

[pg]

It's quite common with us. A lot of the companies we fund do something different than they applied with.