Peter Thiel. Photo: Kevin Moloney / Fortune Brainstorm Tech

Famed investor Peter Thiel, who publicly supported Donald Trump during his candidacy and as president, is no longer affiliated with startup accelerator program Y Combinator, as BuzzFeed first reported and a blog post update confirms.

Be smart: Thiel isn't the only one departing the program. Y Combinator has shuttered its entire part-time partner program in which Thiel participated, according to BuzzFeed. So it's not quite the symbolic move many wanted YC to make last year.

  • The organization has been experimenting with various ways to involve alumni entrepreneurs who want to advise new startups, such as having "visiting partners" for a 6-month run.
  • And as a venture capitalist with close ties to the startup community and friendships with some of YC's executives, it's hard to believe that Thiel won't continue to meet with and invest in the accelerator program's startups.

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Tim Scott says Trump "misspoke" when he told Proud Boys to "stand by"

Photo: Bonnie Cash/Pool/AFP via Getty Images

Sen. Tim Scott (R-S.C.) told reporters on Wednesday that he believes President Trump "misspoke" when he told the far-right "Proud Boys" group to "stand back and stand by" in response to a question about condemning white supremacy at the first presidential debate.

Catch up quick: Moderator Chris Wallace asked Trump on Tuesday, "Are you willing, tonight, to condemn white supremacists and militia groups and to say that they need to stand down?" Trump asked who specifically he should condemn, and then responded, "Proud Boys, stand back and stand by. But I'll tell you what, somebody's got to do something about antifa and the left."

Updated 43 mins ago - Politics & Policy

Commission on Presidential Debates wants changes

Photos: Jim Watson and Saul Loeb/AFP via Getty Images

The Commission on Presidential Debates announced Wednesday that it plans to implement changes to rules for the remaining debates, after Tuesday night's head-to-head between Joe Biden and Donald Trump was practically incoherent for most of the night.

What they are saying: "Last night's debate made clear that additional structure should be added to the format of the remaining debates to ensure a more orderly discussion of the issues," the CPD said in a statement.

Trump says he doesn't know who Proud Boys are after telling them to "stand by"

President Trump told reporters on Wednesday that he doesn't know who the Proud Boys are, after saying at the presidential debate last night that the far-right group should "stand back and stand by" in response to a question asking him to condemn white supremacists.

Why it matters: The comments set off outrage and calls for clarification from a number of Republican senators. After being asked several times on Wednesday whether he will condemn white supremacy, Trump responded, "I have always denounced any form — any form of any of that, you have to denounce. But I also — Joe Biden has to say something about antifa."