Y Combinator is still paranoid

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex asked: How is YC evolving to meet a changed market? The question is fresh off of Demo Day last week, where Team TC and TC+ banded forces to cover the twice-a-year event that sees hundreds of startups launch to the public.

These days, Michael Seibel doesn't often do press -- and neither does YC -- so the interview was used to connect the dots on recent news from the accelerator, cross-check top trends from this past batch and ask about some of the biggest critiques people have about the institution today.

We went a bit long, but figured it was worth it given the way the conversation was going. Equity has a live show on Thursday, and lots more to come. Chat soon!

Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.