[albertshin]

from what I read on some of the administrators on Twitter the program has been (semi privately) running since last fall and there are already 10+ participants

now the decision to take it public may have been motivated by sequoia's launch

[akshayshah]

Same is true of Sequoia's program - it's been running in the US for years already, but was only recently made public.

Seems to me that this is yet another way that YC has pressured traditional VCs into being more founder-friendly.