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Y Combinator adopts new startup funding — without the VCs
Silicon Valley Business Journal Y Combinator President Sam Altman announced a new funding package startups in the accelerator. They will get $120,000 in exchange for a 7 percent stake in their company, but there will be no VC money involved which is a break from past practice. YC Ends YCVC In Favor Of Raising From LPs, Will Now Invest $120K For 7 …TechCrunch |
Zennie Abraham | Zennie Abraham or "Zennie62" is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.