In 2005, Y Combinator developed a new model of startup funding. Twice a year we invest a small amount of money (average $18k) in a large number of startups (most recently 65). The startups move to Silicon Valley for 3 months, during which we work 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 doesn't end on Demo Day. We and the YC alumni network continue to help founders for the life of their company, and beyond.
four Austin wireless companies were able to attend and showcase themselves at the CTIA press event, ShowStoppers, at a 70% cost savings. Digby (aka 30 Second Software), edioma, Media Excel, and BrainMedia.
Austin was ranked today as one of the five "Startup Hubs" in the US by Fast Company magazine. Click here for the entire list of "Fast Cities," and here to read why those chose Austin.
With all the 2.0 hype, I think it’s unfair to unanimously declare all new Internet startups as 100% junk. It can’t be much more than 95%. So I thought it would be an interesting diversion to switch the tone of my writing for a change. Here are some ti