Andreessen-Horowitz Invests In The Start Fund, Offers $50k To All Y Combinator Startups
Andreessen-Horowitz has announced that it will invest in the Start Fund. The Start Fund offers $150 thousand to all Y Combinator graduates. Out of the $150 thousand offered, $50 thousand will now come from Andreessen-Horowitz.
Andreessen-Horowitz does not have the resources to surface over a hundred seed stage companies per year, but Paul Graham does. Y Combinator alumni are a proven bunch. Paul Graham has shown that he is capable of surfacing superstar startups such as Dropbox, AirBnB, Reddit and Heroku. In effect, Andreessen-Horowitz is now outsourcing its early stage investment selection to Paul Graham.
The Start Fund was formed earlier this year with the sole purpose of investing in Y Combinator startups. It is a joint venture between Yuri Milner of DST Global and Ron Conway of SV Angel. No word yet on why Milner and Conway chose to take on a new partner.
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