Y Combinator gets a $2M shot in the arm from Sequoia, angels
Seed-stage venture firm Y Combinator is branching out in its funding strategy today, raising about $2 million from Sequoia Capital and a handful of angel investors. Previously, the firm was funded solely by founders Paul Graham, Robert Morris, Jessica Livingston and Trevor Blackwell.
The money from Sequoia will be funneled into a new investment arm of Y Combinator, which will increase the number of companies it can fund each year from 40 to about 60. With… Continue Reading