YC’s latest batch cuts African startup presence by more than half

Last month, Y Combinator said that it had intentionally reduced its summer cohort by 40%. According to the accelerator, the decision to downsize the S22 batch — significantly smaller than its most recent batches — was a result of the economic downturn and changes to the venture funding environment this year. 
It was the latest in a series of down round, layoff and hiring freeze events with which the tech world had become all too familiar — and to some, it was no surprise. 
YC’s summer cohort includes 240 companies, noticeably smaller than its winter ’22 class which had 414 companies. So

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