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The shortest description of Y Combinator I can think of is a "Venture Expediter"
by imperator 19y ago
The shortest description of Y Combinator I can think of is a "Venture Expediter"
- aston 19y agoI don't think YC's goal is to get startups closer to VC, or even to expedite their journey anywhere. The point is, YC is really smart money in real small amounts. If you need more money or don't need so much smarts behind it, you go elsewhere on the funding spectrum.
- imperator 19y agoI did not intend the term to reference venture as in venture capital, but a venture regarding a hazardous attempt. Perhaps "Startup Expediter" is less misleading to those who see the word venture not in its original sense, but as related to capital.
- pg 19y agoOur goal is definitely to get startups that could benefit from VC closer to it. 9 of 59 startups prior to this winter have raised money from VC funds so far. More generally our goal is to get startups closer to later stage investors, whether angels or VCs. Pretty near 100% of startups are looking for at least some additional investment.