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EconTalk Archives, 2009 on Smash Notes

What is Y Combinator?

Graham on Start-ups, Innovation, and Creativity

September 02

In 2009, according to Paul Graham, Y Combinator (YC) was neither a venture capital firm nor an incubator. In fact, there was not yet a name for what Y Combinator was trying to create.

Instead of raising a large amount of capital to invest into small number of deals, YC was investing a small amount into a relatively large number of companies.