> Misconception: I need to raise a seed round before I apply to YC.

> S16: False. 14.2% of accepted companies weren’t even incorporated when they applied.

This didn't actually address the misconception - it sidestepped it. I would love to see data on what percent of YC companies raised a seed round prior to being accepted (or had a cofounder who had raised a round for a prior company), and how that's changed over time.