I was just wondering last night when YC was going to build a free Mint-like money tracking app for portfolio companies that had the secondary effect of reporting back how they were doing financially. That way there'd be no bothersome reporting obligations for founders beyond checking a box to let YC pull reports or get read-only access.
Why should YC have access to this info and not other investors (who've arguably put more money in)? Reporting cycles allow you present more context, whereas real-time feeds would lead to knee-jerk reactions.