Y Combinator Fills Funding Gap For Early-Stage Startups
YC was born out of necessity to fill funding gap for early-stage startups. Small checks to help founders test ideas, not fully fleshed-out business plans. Revolutionary model that's helped thousands of startups, incl Airbnb & Dropbox.
In the early days of startup culture, there was a significant gap in funding options for entrepreneurs. Jessica Livingston, co-founder of Y Combinator, shares insights into how YC was born out of necessity, aiming to fill that void for early-stage startups. Key Takeaways Y Combinator was created to support early-stage startups. The funding landscape in 2005 was limited, especially in Boston. YC aimed to provide small checks to help founders test their ideas. The Need For Early-Stage Funding Back in 2005, the startup scene was quite different. If you wanted funding, yo...