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Is it a safe assumption that any company on the list who was in operation as of October 2015 with a valuation below $300 million at the time was accepted into YC Continuity?

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I think there's a misunderstanding of the way YC Continuity works. YC Continuity isn't a program like YC with an acceptance process.

I appreciate the clarification. Apologies for my misunderstanding.

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