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2011-01-28

Meet the company that helped start Dropbox, Reddit, Diqus and others

In 2005, Y Combinator (YC) began a very smart and small-scale way of startup funding. In their own words:
Twice a year we invest a small amount of money (average $18k) in a large number of startups (currently 43). The startups move to Silicon Valley for 3 months, during which we work intensively with them to get the company into the best possible shape and refine their pitch to investors. Each cycle culminates in Demo Day, when the startups present to a large audience of investors. But YC doesn't end on Demo Day. We and the YC alumni network continue to help founders for the life of their company, and beyond.
Contrast this to typical venture capital funding which is often about millions of dollars. And their success and taste in companies speak for themselves: They have funded companies such as Dropbox, Reddit, Disqus, Scribd, Heroku and Posterous. Also recommended:

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