The 50 Most Important People on the Web
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The 50 Most Important People on the Web
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Re: The 50 Most Important People on the Web
#242. Paul Graham, Trevor Blackwell, Robert Morris, and Jessica LivingstonFounders, Y Combinator
Rather than sinking a whole lot of money into a handful of companies that may (or may not) turn into the next big Google, venture capital firms like Y Combinator dole out smaller sums to potential mini-Googles. Y Combinator commits to two rounds of funding and dispenses less than $20,000 (expense money, really) to coders so they can work, work, work on a prototype to parlay into more funding. In exchange, Y Combinator asks for 2 to 10 percent of the company's stock. Startups that these guys have funded include Reddit (acquired by CondeNast), Kiko, and Weebly. The names sound funny, sure, but do you remember the first time you heard the name YouTube?
Re: The 50 Most Important People on the Web
#3It's basically link bait, right?
Re: The 50 Most Important People on the Web
#4In addition to reading news.yc, anyone who has ever spent time in the wikipedia IRC channel or reading DailyKos or K5 can't help but having talked to at least a handful of these people.
Re: The 50 Most Important People on the Web
#5Re: The 50 Most Important People on the Web
#6Congrats to you guys :) 42. Paul Graham, Trevor Blackwell, Robert Morris, and Jessica LivingstonFounders, Y Combinator Rather than sinking a whole lot of money into a handful of companies that may (or may not) turn into the next big Google, venture capital firms like Y Combinator dole out smaller sums to potential mini-Googles. Y Combinator commits to two rounds of funding and dispenses less than $20,000 (expense mon…