Venture capital firm Andreessen-Horowitz announced today that it is participating in startup incubator Y Combinator‘s Start Fund, alongside venture capitalists Ron Conway and Yuri Milner.
“We’ve been working with Paul (Graham, founder of Y Combinator) for awhile and we’ve just been really impressed,” said Margit Wennmachers, partner at Andreessen-Horowitz in an interview with VentureBeat. “So when we had a chance to join the program we said ‘absolutely.’”
The Start Fund awards $150,000 to each startup brought into the incubator. Ron Conway of SV Angels and Yuri Milner of investment firm DTS have been running the show on their own since January. With Andreessen-Horowitz’s inclusion, the three will each put $50,000 of convertible debt into the pot.
To read the full, original article click on this link: Andreessen-Horowitz to give $50K to all Y Combinator startups through Start Fund | VentureBeat
Author:Meghan Kelly
