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Y Combinator released the Simple Agreement for Future Equity ("SAFE") investment instrument as an alternative to convertible debt in late 2013. [4] It was written by Carolynn Levy. This investment vehicle has since become popular in the U.S., Canada, [5] and Israel, due to its simplicity and low transaction costs.
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 ...
The Y combinator may also be used in implementing Curry's paradox. The heart of Curry's paradox is that untyped lambda calculus is unsound as a deductive system, and the Y combinator demonstrates this by allowing an anonymous expression to represent zero, or even many values. This is inconsistent in mathematical logic.
Daniel Gross is an Israeli-American businessperson who co-founded Cue, led artificial intelligence efforts at Apple, served as a partner at Y Combinator, [1] and is a notable technology investor in companies such as Uber, Instacart, Figma, GitHub, Airtable, Rippling, CoreWeave, Character.ai, Perplexity AI, and others.
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Y Combinator—the startup incubator that helped launch DoorDash, Airbnb, Reddit, and Instacart—is backing a weapons maker for the first time, betting that it could shake up the defense industry ...
Also of note, Y combinator has a short expression in this system, as Y = BU(CBU) = BU(BWB) = B(W(WK))(BWB), where U = WI = SII is the self-application combinator. Using just two combinators, B and W , an infinite number of fixpoint combinators can be constructed, one example being B ( WW )( BW ( BBB )), discovered by R. Statman in 1986.
Geoff Ralston is the former President of Y Combinator. [1] He was the CEO of La La Media, Inc., developer of Lala, a web browser-based music distribution site. Prior to Lala, Ralston worked for Yahoo!, where he was Vice President of Engineering [2] and Chief Product Officer. [3] In 1997, Ralston created Yahoo! Mail. [4]