Of course it's not the same, but in both cases the writer is using a short phrase to give context about the company.
Participating in TC50 is not as prestigious as participating in YC, but it is not trivial either. As a reader, I care about whether a company launched at TC50.
Participating in TC50 is not as prestigious as participating in YC, but it is not trivial either. As a reader, I care about whether a company launched at TC50.