https://techcrunch.com/2023/04/05/y-combinator-is-back-to-bet-on-the-bay-area/

Y Combinator, the startup accelerator that has launched the likes of Instacart, Stripe and Airbnb, has broadened its investing lens in recent years, backing companies all over Africa and India, and beyond. As the tech downturn has continued, though, Y Combinator has shrunk its cohort size, stepped back from late-stage investing, and brought on a new chief executive: entrepreneur and co-founder of Initialized Capital, Garry Tan.

In many ways, it’s a new era – but in some, it’s a return to the accelerator’s former geographic roots.