[brudgers]

Originally it was that low. Then it went up until it hit the point of creating problems. Now it is where it is which is lower than where it once was but much higher than it was before the peak.

The increases started I believe via an outside investor (maybe Conway? maybe Arrington? maybe not) agreeing to spread dollars uniformly across each batch's portfolio. There were also things like AWS credits. Basically, there were miscellaneous efforts to extend the runway.

As YC has matured, the efforts have become more organized.

It's worth noting that the lower investments originally were more commensurate with both the cost of living for a few months in the Bay Area and with the valuations of startups...Reddit sold to Conde Nast for about $10 million and sub-million dollar funding rounds used to be news on the front page of Hacker News.