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The following notable startups have completed the Y Combinator Accelerator program. Mike Isaac described Y Combinator as: "Y Combinator accepts batches of start-ups twice a year in a semester-like system and gives them money, advice and access to a vast network of start-up founders and technologists who can advise them." [1]
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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 ...
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Y Combinator group partner Jared Friedman last year switched to using robotaxis exclusively. Friedman told Business Insider that he estimated spending 4% of his waking hours in a Waymo in 2024.
Graham cofounded famed startup accelerator Y Combinator in 2005, which has been an incubator for companies like Dropbox, Airbnb, and Reddit. Read the original article on Business Insider Show comments
[1] [9] The company changed its name to OwnLocal in March 2011. [10] In October 2011, OwnLocal received an undisclosed amount from a funding round led by Automattic, the developer of WordPress. [3] [8] The incubator 500 Startups also participated in the funding. [citation needed] The round raised the company's total funding to $2 million. [2] [11]