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Re:I Am Sam Altman, President of Y Combinator. AMA by foobarqux on Friday March 18, 2016 @05:58PM (#11315521)
Is it true that some VCs get first dibs on YC companies before demo day?
Re:I Am Sam Altman, President of Y Combinator. AMA by jasonmcalacanis on Monday March 21, 2016 @10:46PM (#11334093)
I can confirm this is true, because YC staff members have explained to me that they bring in a small group of investors to mentor -- and because founders have confirmed it.

This is something I talked about on This Week in Startups, and frankly I think it has something to do with my "ban."