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Clicking through to one of them (http://illinois.edu/calendar/detail/4922?eventId=32998738&calMin=201509&cal=20150914&skinId=11049 http://illinois.edu/calendar/

by wj 11y ago

Clicking through to one of them (http://illinois.edu/calendar/detail/4922?eventId=32998738&calMin=201509&cal=20150914&skinId=11049 http://illinois.edu/calendar/detail/4922?eventId=32998738&ca...) says: "In July 2015, Y Combinator introduced YC Fellowship Program to make an investment of $12,000 into 1000 startups every year. The first batch of YC Fellowship includes 32 companies, which received an equity-free grant instead of an investment." Does that mean there will be 968 more fellowships given over the next ten months?

manuelflara 11y ago
I think that 1000 figure comes from a statement they made along the lines of "one day we could be funding 1000 companies through this Fellowship program". I don't think they had a figure in mind for this batch.
- wj 11y ago
  I was thinking it might be through scaling up the next batch.
  - katm 11y ago
    Thanks for catching. I asked UIUC to make an edit on that. The first batch of YCF is starting up this week -- and we're not making decisions about the future of the program till we see how this pilot goes.