Y Combinator, the seed accelerator known for its powerful alumni network, announced today that it will fund nonprofits in every new graduating class. Applications for the winter 2014 class opened today.
The accelerator first tested nonprofit funding with Watsi, a crowdfunding site for surgical procedures in the third world that was part of the 2013 winter class. "We had a hypothesis that many newly founded nonprofits could benefit from the same techniques we use to help startups," wrote Y Combinator cofounder Paul Graham on the company's website.
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To read the original article: Y Combinator Opens Up Applications For Nonprofits | Fast Company | Business + Innovation
