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According to BetaBeat, the first official Y Combinator meetup, “a hybrid of reception and conference,” from the Silicon Valley based incubator will be taking place in NY on September 26.  Y Combinator founder Paul Graham, explained that the meetup doesn’t mean that they will be opening a NY branch.

Graham explained, “There’s a long tradition of ambitious people traveling to the big center of whatever they’re interested in. And while NYC is more of a startup hub than it used to be, the Valley is still the center. Founders who come here find it an eye-opening experience. So we wouldn’t necessarily be doing NYC-based founders a favor by establishing a branch there.”

BetaBeat