TechCrunch founder Michael Arrington has written a very levelheaded and fair analysis of Paul Graham’s “Google Ventures” email leak and the media “he said, she said” that followed.
Gearing up for Disrupt, TechCrunch didn’t cover the “story”. Maybe we should have? I personally didn’t cover it because it seemed like there was no “there” there. The beef is best summed up by what Arrington writes here, “It is absolutely fine for a venture firm to offer whatever they want to a startup, and it’s absolutely fine for the startup to not accept that offer and move on.”
Arrington’s post, deliciously titled “Turning The Drama Down On Y Combinator V. Google Ventures” does a great job of adding context and nuance to press spin. Also, I never thought I’d see the day where the phrase “Turning The Drama Down” would make it into an Arrington headline.
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Y Combinator is a venture fund which focuses on seed investments to startup companies. It offers financing as well as business consulting along with other opportunities to 2-4 person companies looking to take an idea to a product. Y Combinator looks for companies with “good” ideas over companies with experience and a business model. The company made its first investments in Summer 2005. Y Combinator selects companies to finance and consult with twice a year. They are located in...
Seattle, WA
San Diego, CA
Menlo Park, CA
Berlin, Germany
San Francisco
San Francisco, CA
