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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.
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, [ 2 ] one example being B ( WW )( BW ( BBB )), discovered by R ...
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.
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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 ...