Figuring Out • 6m
Why and How YC Was Started? So, raising seed funding was always slow, complicated, and a hard job. Founders often relied on informal investments from friends or family, with little to no standardization, leaving them vulnerable to legal and financial pitfalls. This was exactly what Paul Graham and Jessica Livingston were discussing on their way to home. Paul always wanted to invest in startups, while his wife, Jessica, was fed up with her investment bank job and applied to some VC companies too. While discussing, they realized that they had both the skills and money to start their own investment fund, so why not do it? Thus, Paul agreed to put $100k into the new fund, and Jessica agreed to quit her job. Over the next couple of days, they recruited Robert and Trevor, who put in another $50k each. So, like this, Y-Combinater was started with $200k investment fund. It was earlier called Cambridge Seed but was soon changed to make it more universal. Their initial goal was to fund young, technical founders, especially students and hackers, rather than traditional "suits" from corporate backgrounds. Also, their terms were straightforward and standardized, where they invested $10,000 to $20,000 for 6-10% equity. And with these thoughts, they started to fund startups across the summer of 2005, and that’s how YC was started. YC's First Batch 👇
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Medial • 2m
Was waiting at a cafe in HSR to meet a fellow founder friend and heard a bunch of early stage founders discussing how they should leverage Medial to get user feedback, early traction and how they “should definitely build a presence on Medial”. I was
See MoreBuilding ElevateRes.... • 3m
It's been a few months since I started working on a product that helps job seekers and individuals to increase the chances of getting the job by helping their resumes to standout for every job they apply. Here is the link to my showcase. any ques
See MoreMastering the Game o... • 1y
Ola Cabs In 2011, when Ola (then Olamoney) was just getting started, the founders traveled to over 20 cities to onboard cab drivers onto their app themselves. With no funding, they stayed at dharamshalas and low-cost lodges to make their bootstrappe
See MoreHey I am on Medial • 3m
Guys do you think that startups now have started to hype and everyone now wants to be a founder. Everyone irrespective of whether they want or not, are now running in FOMO, especially middle class, whether they should continue their job or start a st
See MoreUnfiltered and real ... • 7m
Topmate - The Scam. Singlehandedly ruined the image of Indian Startups last week. Here's what happened: They listed big people like Elon Musk, Paul Graham, Naval Ravikant, Mr beast on their website and promoted that as if its true. Here's the cra
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