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.

  • Only 100 out of more than 1,200 active YC alumni have more than 50 employees, and only 60 have more than 100 employee. The new program will accept both companies that did and didn't go through YC's seed-stage accelerator.
  • YC's fund focused on growth stage startups also began to invest in select non-alumni earlier this year.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12 a.m. ET: 33,282,969 — Total deaths: 1,000,867 — Total recoveries: 23,066,203Map.
  2. U.S.: Total confirmed cases as of 12 a.m. ET: 7,148,009 — Total deaths: 205,069 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: More than 1 million people have now died from coronavirus — India the second country after U.S. to hit 6 million cases.

Bob Woodward: "I was not going to hide" my opinion on Trump

Bob Woodward didn't want to join Senate Republicans in privately condemning President Trump but declining to do so publicly, he told Jonathan Swan in an interview for "Axios on HBO."

Why it matters: Woodward has covered 9 presidents, but Trump is the first that Woodward explicitly described as "the wrong man for the job."

Watch the full Jonathan Swan interview with Bob Woodward

In the latest episode of "Axios on HBO," Jonathan Swan interviews Bob Woodward about his new book, "Rage," which was based on 19 interviews with President Trump.