The Startup Fund, one that invested $150,000 into every Y Combinator business, is getting replaced by a new fund, YC VC. The new fund will offer startups only $80,000 but will offer “more engagement.” Like The Startup Fund, YC VC will offer convertible notes. Unlike The Startup Fund, which was started by Yuri Milner and Ron Conway, the new fund will be run by Milner, Andreessen Horowitz, Maverick Capital, and General Catalyst. [Source Y Combinator]