[tpiddy]

(08-16-2013 09:59 AM)WestCoast Wrote:  

Also I don't understand how he's a successful start up guy? He got finding from Y combinator which usually equates to $25,000... They invested $1.4M last year into 70 companies so that's $20K...

I know some of startup scene around here in SF, YC and otherwise. If you make the YC class you actually get more than $20k, Yuri Milner puts another $100k or so in and usually the founders get a friends and family seed round or use their own money to self fund at first.

I've been to some of the parties at VC firms and startup offices and there are definite startup groupie chicks too that are into the startup guys.

Most of these companies won't be a success and getting real funding (series A) is hard but these guys can definitely leverage their status in certain circles.