y combinator

MOUNTAIN VIEW, Calif.--If you cringe when you hear a company described as "Kickstarter for" this industry or that genre, yesterday's Y Combinator Demo Day was probably not for you.

As happens twice a year, a Who's Who of A-list (and B- and C-list) venture capitalists and angel investors descended on the Computer History Museum here for the semi-annual Demo Day. There, the newest graduating alumni of the world's leading tech incubator had the chance to show off their talents -- and wares and/or services -- to the money men and women and reporters … Read more

MOUNTAIN VIEW, Calif. -- Though it is the undisputed king of incubators, many Y Combinator alumns have failed to make a profit over the years. But now, Watsi, which is hoping to bring a Kickstarter crowdfunding model to health care, is aiming to be its first (intentional) not-for-profit venture.

At Y Combinator's 16th Demo Day here today, Watsi showed off its platform, which is trying to be the first global crowdfunding platform for health care.

Rather than graduating from the Y Combinator program and seeking investment from tech-savvy venture capitalists, Watsi is soliciting donations from the tech community.

The … Read more

MOUNTAIN VIEW, Calif. -- While hobbyist use of drones is all the rage these days, there are few ways for commercial or enterprise customers to get unmanned aerial vehicles (UAVs) in the air.

But that's what Airware, one of the startups in the winter 2013 Y Combinator class, showed off at Demo Day today.

The Newport Beach, Calif., company aims to give commercial companies an easy-to-use development platform that will get their purpose-built drones up and flying in no time. Airware's platform comprises both on-board hardware and software, founder Jonathan Downey said. It also features elements that all … Read more

Superstar angel investor Ron Conway will no longer be part of the team of investors giving money to the dozens of startups taking part each year in Y Combinator, one of the world's most prestigious incubators.

Y Combinator said today that it is sharply reducing the amount of venture funding each startup coming through the program is given. For the last two years, each team was seeded with $150,000 in funding from Conway, of SV Angel, Yuri Milner, and Andreessen Horowitz. Starting today, that amount has been slashed to $80,000 per team, the incubator said, as it … Read more

PALO ALTO, Calif. -- Ben Horowitz, co-founder of Silicon Valley venture firm Andreessen Horowitz, told a crowd at today's Y Combinator startup school that running a company is a nerve-racking experience; that you shouldn't be fooled into thinking everything's been done; and that "every breakthrough idea looks like a stupid idea" at first.

"Sure we look for big markets and blah, blah, blah," Horowitz told some 1,700 entrepreneurs and aspiring entrepreneurs packed into Stanford University's Memorial Hall auditorium. "But we're all looking for a breakthrough idea. And by definition, … Read more

PALO ALTO, Calif. -- Facebook CEO and co-founder Mark Zuckerberg addressed an adoring crowd at Y Combinator's startup school today, speaking confidently about Facebook and describing a world in which people will share a whole lot more than they do now -- via Facebook and other social companies.

"It's sort of a social-networking version of Moore's Law," said Zuckerberg, who was interviewed by Y Combinator co-founder Paul Graham. "We expect this rate [of sharing] will double every year. ...So in 10 years from now, people will be sharing about 1,000 times as many … Read more

MOUNTAIN VIEW, Calif. -- The future for startup funding is "getting more unpredictable."

That's what Y Combinator founder Paul Graham said today, theorizing that because there are so many more young companies getting off the ground these days, venture capitalists may well have a much harder time predicting winners than in the past.

It makes sense. Startups can get going today for as little as a few hundred thousand dollars, so there are many more of them. "But the funnel at the top is the same," Graham said during the Y Combinator Demo Day. "… Read more

HelloFax CEO Jospeh Walla wants to kill printers and scanners -- doing away with them one digital signature at a time.

HelloFax is known for letting people send and receive faxes, request signatures, and fill out forms -- all without a physical document. From that service, the company is launching HelloSign, which lets people sign documents digitally.

Through HelloSign, Walla hopes to accomplish what many companies have tried and failed to do: create a paperless office. It was a dream born in the dot-com era but never realized, as workers still cling to physical paper despite the financial and environmental … Read more

Having lots of money isn't a reason to spend it, especially if you're a startup that has yet to prove itself as a viable, sustainable business.

There have been a lot of early-stage startups raising monster rounds in recent months. Ark ($4.2 million seed), Viddy ($30 million), and Gumroad ($7 million) are just a few prominent examples.

The funding party may be over though, at least according to Paul Graham, a prominent investor and founder of Y Combinator.

"Jessica and I had dinner recently with a prominent investor," Graham said in a letter to Y … Read more