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Y Combinator launching program for more mature startups

YC president Sam Altman
Y Combinator president Sam Altman. Photo: Steve Jennings/Getty Images

Y Combinator, the well-known Silicon Valley startup accelerator, will add a program for "growth stage" companies next year, a departure from its early-stage DNA.

Why it matters: Y Combinator is considered by many to have a magic touch when it comes to supporting startups — having backed such companies as Airbnb and Stripe — and now wants to prove its metal with more mature companies. What's worth noting, however, is that the vast majority of YC companies never reach the growth-stage.