Facebook and Y Combinator partner to support social startups
Facebook said today that it’s going to be working with Y Combinator to give the incubator’s startups special access to Facebook support and features.
Facebook previously had an incubator and investment fund of its own, the fbFund, which it ran with Accel and Founders Fund. The company said in July that it has “no plans for future iterations of the program.”
This new partnership sounds like a way for Facebook to encourage startups to build on its platform and use its various integration features without having to invest or be quite as hands-on as it would with its own incubator. And of course this gives YC, already the best-known incubator in Silicon Valley, another leg up on other programs.
Here’s how Facebook described the relationship:
We’ll provide product, technical and design resources to support new Y Combinator companies interested in working with us to build deeply social products, whether a website or an application on Facebook.com. These companies will have priority access to our technologies and programs such as Facebook Credits, Instant Personalization and upcoming beta features. Y Combinator will be publishing a “Request for Startup” focused on social startups and is now looking for interested entrepreneurs for their winter 2011 funding cycle.
Apparently Facebook’s Mark Zuckerberg and Bret Taylor, along with Y Combinator’s Paul Graham, just announced the program at Facebook headquarters.
Next Story: Is the game market generating $100B per year in revenues?
Previous Story: Tesla scores more from Toyota's big Fremont Factory sale
About the Author, Anthony Ha
Anthony is a senior editor at VentureBeat, as well as its reporter on media, advertising, and social networks. Before joining the site in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. (All story pitches should also be sent to tips@venturebeat.com) You can also follow Anthony on Twitter.












