Bitcoin gets funded by YCombinator – Interview with the CEO of Coinbase | Benson's Blog

Bitcoin gets funded by YCombinator Interview with the CEO of Coinbase #bitcoin

In 2005, Y Combinator developed a new model of startup funding. Twice a year they invest a small amount of money (average $18k) in a large number of startups (most recently 84). The startups move to Silicon Valley for 3 months, during which YC works intensively with them to get the company into the best possible shape and refine their pitch to investors. Each cycle culminates in Demo Day , when the startups present to a large audience of investors. But YC does not end on Demo Day. YC and the YC alumni network continue to help founders for the life of their company, and beyond.

Full article: http://bensonsamuel.com/2012/10/24/bitcoin-gets-funded-by...