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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]
Store), co-founding the startup accelerator and seed capital firm Y Combinator, a number of essays and books, and the media webpage Hacker News. He is the author of the computer programming books On Lisp, [4] ANSI Common Lisp, [5] and Hackers & Painters. [6] Technology journalist Steven Levy has described Graham as a "hacker philosopher". [7]
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 ...
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]
[1] [a] He co-founded the live video platform Justin.tv. Shear became the chief executive officer of Twitch when it was spun off from Justin.tv, a position he held until March 2023. In 2011, he was appointed as a part-time partner at venture capital firm Y Combinator. [2] In November 2023, he was briefly the interim CEO of OpenAI. [3] [4]
Ever since Garry Tan came on as Y Combinator CEO last year, there have been changes. Last March, Tan cut its late-stage investing and laid off 17 investors, and he shrank the size of YC’s ...
In early 2013, he became a part-time partner at YC. In early 2014, he became a partner at Y Combinator. In 2015 he was promoted to COO. [7] [1] In his time at Y Combinator, the firm invested in OpenAI, Cruise, Scale AI, DoorDash, GitLab, Coinbase, Flexport, Checkr, and others. He also helped start and create some of the most important ...
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]