Paul Graham Says Y Combinator Companies Have Raised More Than $1 Billion
Billy Gallagher is a writer for TechCrunch. He is also the president and editor in chief of The Stanford Daily. Billy previously worked at The Stanford Daily for two volumes as a managing editor of news. He has also worked in sports and staff development at The Daily. In March of 2012 the Friends of The Stanford Daily awarded him... ? Learn More Y Combinator co-founder Paul Graham tweeted today that YC’s 380 companies (prior to the current batch) have raised $1,048,274,000. Y Combinator, which launched in 2005, takes on two classes of startups per year into their three month program, during which they mentor and connect the founders and invest in the companies. The total amount of funding raised by the 380 companies prior to the current YC batch is $1,048,274,000. — Paul Graham (@paulg) July 25, 2012 Even the simplest of mathematicians can look at the two numbers and divide the larger by the smaller and infer that, on average, Y Combinator companies raise more than $2,759,000. But no...