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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 ...
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]
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)
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]
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]
Startup accelerator Y Combinator is backing its first weapons startup — a firm that says it can make missiles smaller and cheaper than its competitors. "Ares is building a new class of anti-ship ...
When Infogami failed to find further funding, Y-Combinator organizers suggested Infogami merge with Reddit, [39] [40] which it did in November 2005, creating a new firm, Not a Bug, devoted to promoting both products. [39] [4] As a result, Swartz was given the title of co-founder of Reddit. Although both projects initially struggled, Reddit made ...