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Technology, Business, Giving, Etc.

  • “There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self.” Ernest Hemmingway
  • “Judge each day not by the harvest you reap, but by the seeds you plant.” Robert Louis Stevenson
  • “We must be the change we wish to see in the world.” Gandhi
  • “Noble deeds that are concealed are most esteemed.” Blaise Pascal
  • “A creative man is motivated by the desire to achieve, not by the desire to beat others.” Ayn Rand
  • “If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.” John D. Rockefeller
  • “Honesty is the first chapter in the book of wisdom.” Thomas Jefferson
  • “Sense shines with a double luster when it is set in humility. An able yet humble man is a jewel worth a kingdom.” William Penn
  • “There is a great satisfaction in building good tools for other people to use.” Freeman Dyson
  • “You don't know what you can learn until you try to learn.” Ronald Coase
  • “Let us so live that when we come to die even the undertaker will be sorry.” Mark Twain
  • “Create more value than you capture.” Tim O'Reilly

$150K to All YC Startups!

Yuri Milner (of DST, a large venture capitol firm in Russia) together with Ron Conway’s firm, SV Angel in Silicon Valley, have teamed up to offer ALL of the current crop of Y Combinator startups $150,000 each in convertible debt at very friendly terms. That’s friendly to the founders, not overly weighted in favor of the investors (although when it converts it essentially joins the series A). This is a big deal for founders of the 43 new startups enrolled. Milner and Conway are simply using Y Combinator’s vetting process to qualify the investment.

On one hand, this is very impressive and disruptive (it changes expectations of founders with regard to terms looking forward), yet on the other hand it’s not such a scary bet in that it’s a diversified play. It’ll be fun to watch.

The Milner/SV Angel team (called Start Fund) has said that they will do the same for the next Y Combinator group as well. Congrats to Paul Graham and all of the founders at YC. Here’s a post on TechCrunch that describes the deal.end of article icon

Posted on Saturday, January 29, 2011 in Startup • (0) Comments

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