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Livingston met Paul Graham, Robert Morris and Trevor Blackwell (the co-founders of dot-com company Viaweb) at a party in Cambridge. [4] They discussed creating a startup incubator, and in 2005 the four co-founded Y Combinator. In the early days of YC, Livingston and Graham hosted weekly meals for their founders at their home near Cambridge. [8]
Y Combinator interviews and selects two batches of companies per year. The companies receive a total of $500,000 in seed money as well as advice and connections. The $500,000 in funding is made up of $125,000 on a post-money SAFE in return for 7% equity and $375,000 on an uncapped SAFE with a "most favored nation" ("MFN") provision (i.e.: "we get the same best terms you give anyone else in the ...
In 2008, Michael Seibel was a key mentor to the co-founders of Airbnb and recommended them to Y Combinator. [10] [11] In 2013 he became a part-time partner at Y Combinator and joined Y Combinator as its first African-American partner in October 2014. [12] [13] He became CEO of the Y Combinator Startup Accelerator in 2016. [14]
Y Combinator is a big deal in the startup world, and I was eager to be inspired by other female founders. I posted on LinkedIn that I thought it was a once-in-a-lifetime opportunity and wondered ...
Y Combinator started doing so in Summer 2022, though its demo days have still been remote. (YC says its next Demo Day will be partially in-person at Pier 70, though presentations will still be online)
Garry Tan (Chinese: 陳嘉興; Pe̍h-ōe-jī: Tân Ka-heng; born 1981) is an American venture capitalist and executive who is the CEO of Y Combinator [1] and a founder of Initialized Capital. [2] He previously co-founded Posterous and Posthaven. [3] He was an early employee at Palantir Technologies, and previously a partner at Y Combinator. [4]
Since then, GiveDirectly has grown like a Y Combinator startup, its budget ballooning from $700,000 in 2012 to $17.4 million in 2014. In 2013, Chris Hughes, Zuckerberg’s Harvard roommate and Facebook co-founder, hosted a coming-out party for the charity with the heads of Dropbox and General Catalyst Partners.
In 2012, he entered the Y Combinator startup accelerator and received a $150,000 investment, which he used to fund Coinbase. [ 5 ] [ 7 ] His post on Hacker News [ 8 ] looking for a co-founder to get into the Y Combinator program later became a viral post in Hacker News.