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Really awesome to see this. pg - Can you explain your reasoning on a charitable donation to the "startup"? It seems that if these .orgs are successful one grea
by robg 13y ago
Really awesome to see this.
pg - Can you explain your reasoning on a charitable donation to the "startup"? It seems that if these .orgs are successful one great way to literally pay it forward is into a separate fund that could grow more .org's.
Program-related investments (http://www.irs.gov/Charities-&-Non-Profits/Private-Foundations/Program-Related-Investments http://www.irs.gov/Charities-&-Non-Profits/Private-Foundatio...) from a ycombinator.org would seem to fulfill both investments in .orgs and investments in for-profits with a mission.
- ngoel36 13y agoAlthough there's no financial incentive for YC here, the financial cost for the few non-profits they decide to fund is nominal as well. YC has the money to fund many more companies than they do. But not the bandwidth. Y Combinator is not selling their capital, they're selling their time, expertise, and network. A separate fund would defeat that purpose.