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Does anyone know what the financial motivation of YC to do this is? Is it to diversify the types of companies they invest in? As much as I love to think that ve

• dnautics 13y ago
  because they like to help nonprofits out of the goodness of their hearts, but sometimes what a nonprofit needs is not just money, but infrastructure and connections - and here the ycombinator folks have the opportunity to provide access to those less tangible resources using an organization that doesn't have to be built from scratch.
  • dylandrop 13y ago
    When I said "like to help nonprofits out of the goodness of their hearts" I was being sarcastic. I'm skeptical that this is just a charitable action. I was wondering if anyone has any ideas how this might benefit them financially. I don't want to seem like I think this can only have bad intentions, but finance people and investors aren't typically known to be charitable.
    • cdcarter 13y ago
      > I don't want to seem like I think this can only have bad intentions, but finance people and investors aren't typically known to be charitable. That's incredibly false.
    • dnautics 13y ago
      I think you're projecting.
• pg 13y ago
  There is no financial benefit to us. And incidentally a lot of venture capitalists do give a lot of money to nonprofits. E.g. http://finance.fortune.cnn.com/2012/04/25/andreessen-horowitz-to-give-half-their-earnings-to-charity/ http://finance.fortune.cnn.com/2012/04/25/andreessen-horowit...
• studentrob 13y ago
  finding more talent and keeping them in the YC family
• deleted 13y ago
  [deleted]