Celebrating 20 Years of Y Combinator
AI Summary
Summary of the Video:
- Introduction:
- The investment world is perceived as broken.
- The founders wanted to create something better.
- Founding of Y Combinator:
- Initial idea was just a project, not a startup.
- Encouraged more startups to form.
- Lured in co-founders Robert Morris and Trevor Blackwell.
- Lack of knowledge in angel investing prompted learning through funding multiple startups.
- Funded eight companies in the first batch.
- Results and Reflections:
- Funding startups in batches proved to be powerful.
- Enthusiasm for Y Combinator remains strong.
- Y Combinator aims to exist long-term, like an institution rather than a product company.
- Desire to change lives and improve the world.
- Conclusion:
- Insight gained from startup school experiences.