If a company "graduates" from YC Fellowship to YC Core, will YC be taking the standard YC Core equity on top of the 1.5%, or will it be some different number?
Put a different way, I am assuming that YC believes that a company that also goes through the core program would have a higher chance of success, so they would not want to provide a disincentive that would reduce the chance of a Fellowship company also going through YC core...