Some Changes for Summer 2007
Paul Graham
22 February 2007
Today we opened applications
for summer 2007 funding. There are several changes this summer:
- You now apply online instead of by email. You can log in
using your news.ycombinator
account, edit and save your application on the server, then click
on "submit" when it's finished.
- We've increased the amount we invest. We actually started this
last fall for the present (winter) batch of startups, because
we were worried some groups were feeling a little pinched. Instead
of $6000n we now invest $5000 + $5000n. So a startup with two
founders now gets $15k instead of $12k, and one with three gets
$20k instead of $18k.
- We're now going to have two investor days for the
summer startups, one in Boston and another a few days later in
Silicon Valley. We decided to do this because the investor
situation is so much better in California than Boston that we
worried the summer startups were getting shortchanged. So now
they'll get to present in both Boston and California. As long as
we have offices in both places, why not? And it should definitely
light a fire under the wimpy investors in Boston if they know all
the startups will be presenting in Silicon Valley a few days later.
- We'll also have new, more powerful slow cookers. This is
probably not very exciting to applicants, but it is pretty
exciting to me. The previous generation of slow cookers really
took the slow part literally.
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