The short version is that we learned YC in its then form was O(n^2). As the batch size grew, it was hard for every partner to know exactly what each startup was doing. Especially since things often change fast at startups.
To grow bigger we have to (a) make it easier for each partner to know what each startup is doing, or (b) make it unnecessary. The answer will probably be a bit of both.
The symptom was not startups having trouble raising money (that seems to be working about like it usually does) but us partners always feeling confused. We were not ahead of the aircraft in the way we'd been in the past.
To grow bigger we have to (a) make it easier for each partner to know what each startup is doing, or (b) make it unnecessary. The answer will probably be a bit of both.
The symptom was not startups having trouble raising money (that seems to be working about like it usually does) but us partners always feeling confused. We were not ahead of the aircraft in the way we'd been in the past.