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Congrats to you guys :) 42. Paul Graham, Trevor Blackwell, Robert Morris, and Jessica LivingstonFounders, Y Combinator Rather than sinking a whole lot of mone
by python_kiss 20y ago
Congrats to you guys :)
42. Paul Graham, Trevor Blackwell, Robert Morris, and Jessica LivingstonFounders, Y Combinator
Rather than sinking a whole lot of money into a handful of companies that may (or may not) turn into the next big Google, venture capital firms like Y Combinator dole out smaller sums to potential mini-Googles. Y Combinator commits to two rounds of funding and dispenses less than $20,000 (expense money, really) to coders so they can work, work, work on a prototype to parlay into more funding. In exchange, Y Combinator asks for 2 to 10 percent of the company's stock. Startups that these guys have funded include Reddit (acquired by CondeNast), Kiko, and Weebly. The names sound funny, sure, but do you remember the first time you heard the name YouTube?
- pg 20y agoWe're almost as important as Perez Hilton...