Archive | 1:07 am

Paul Graham Said What?

11 Oct

After writing my blog yesterday regarding the high turnout of applicants for the Y Combinator start-up batch session, I stumbled across article in The Atlantic Wire about the founder of Y Combinator, Paul Graham, visit to New York City last month.

I may be a little late in the game with my critique of Grahams’s speech during the first ever Y Combinator New York event, YC NYC, but I thought it was relevant in terms of my last blog post.

YC NYC was a conference/reception event where people had the opportunity to not only mingle with the Y Combinator founders but also start-ups that came through Y Combinator (think Airbnb, Dropbox). During the event attended by many with hundreds waiting outside with hopes of access to the sold-out event, Graham did something odd. He preached to the audience about how Silicon Valley will always be better than New York’s Silicon Alley.  Really? Was this the best platform to start the “we’re number one cheer?” (more…)

Y Combinator Applicants Rally for Spot at Boot Camp

11 Oct

With unemployment still hovering around 9%, I think there is no time like now to experiment with ideas.

I guess I am not the only one. According to TechCrunch, Y Combinator, a funding firm providing small investments to a batch of start-ups, reportedly received an application per minute on Monday’s deadline for its January-March incubation period, which equates to 1,440 in a day! Due to the volume of applicants, Y Combinator is looking to expand the incoming class.

The 3% of applicants accepted receive an average of $17,000 for their investment in exchange for approximately 7% stock in the company. The start-ups relocate to Silicon Valley for three months where they are mentored by top-notch professionals, sit in on a number of panel discussions, take part in seminars, and provided ample opportunities to showcase their start-up to investors. (more…)


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